Dry Commodities
Steel Products
Steel products include billet, slab, hot-rolled coil, cold-rolled coil, rebar and other semi-finished or finished products.
MARKET REFERENCES
How the market commonly references price
There is rarely one universal price for a physical commodity. Commercial value depends on the benchmark, specification, origin, destination, timing and logistics agreed between buyer and seller.
- Regional HRC / billet / rebar assessments
- FOB China / Asia export references
- CFR Southeast Asia / Middle East market indications
TYPICAL COMMERCIAL STRUCTURE
How physical pricing is often built
A common physical structure is the relevant regional steel benchmark ± grade, origin and specification differential. Delivered transactions add freight, duties and destination costs.
PRICE DRIVERS
What moves the physical differential?
- Steel grade and dimensions
- Iron ore / coking coal / scrap
- Mill utilisation
- Trade measures
- Freight
PHYSICAL TRADE
Commercial considerations
The benchmark must match the exact steel product; HRC, billet and rebar are separate markets and should not be priced interchangeably.
The examples on this page describe common market conventions at a high level. Actual contracts can use different pricing periods, assessments, quality adjustments, Incoterms and negotiated differentials.
Market methodology reference: view source / methodology
PHYSICAL COMMODITY BROKERAGE
Discuss a Steel Products requirement.
Share the specification, quantity, origin or destination, delivery basis and timing.