Steel Prices

Anything to do with prices. Raw material prices or prices for finished material (or labor such as well drilling). Project prices (how much will it cost??), etc.

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Steel Prices

Postby dozer » Thu Jan 17, 2008 7:51 am

The Nation 9 January 2008

Steel prices this year are forecast to jump by 10-15 per cent, due to rising oil prices and the global shortage of raw materials.Published on January 9, 2008

Siam United Steel executive vice president Payungsak Chartsutipol yesterday said steelmakers had been hit by higher costs for energy and raw materials.

"Steel production costs are continuing to rise. For example, the price of iron ore has increased by nearly to 30 per cent from last year, and transportation costs jumped 50 per cent due to rocketing oil prices," he said.

He added that the shortage of iron billet (ingots) in Southeast Asia had also pushed up prices.

Yesterday, the billet price hit a record high of US$660 (Bt21,700) per tonne.

A steel-industry source said the higher billet price was partly due to insufficient supply from Ukraine and India and price speculation in the market.

In addition, steelmakers have been finding it tougher to locate raw materials since China's Finance Ministry gave notice of higher export tax rates for steel and steel-related products last month.

Payungsak said Beijing would like to reduce the number of outdated plants and encourage steelmakers to produce more high-value products, which should help stabilise prices.

According to Thailand's Iron and Steel Institute, China's average export tax rates have gone up from 15 per cent to 25 per cent. The tax rates on wire rods and bars have risen from 10 per cent to 15 per cent.

The changes will hit 34 finished and semi-finished steel products.

The Chinese government will also raise export taxes on raw materials for steelmaking such as coke, pig iron and direct-reduced iron ore from 15 per cent to 25 per cent.

This will push the export tax on ferro-alloys to 20 per cent, from 10-15 per cent.

Meanwhile, Payungsak said the new government should continue the Board of Investment's policy to promote upstream blast furnaces.

He said the Kingdom needed high-quality blast furnaces, in order for the steelmakers to feel more secure about their raw-material supplies.
dozer
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Postby dozer » Thu Jan 17, 2008 7:53 am

I have seen steel prices already go up 15% just since the first of the year. (SD 30 rough was 199 now 230 as of today).

Anyone have any other insight or hear anything regarding future increases? Are they over for this year?
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Postby Rick B » Thu Jan 17, 2008 10:27 am

I bought 12mm rough rebar yesterday and the price had increased only 10 baht per 10m piece since late December (went from 260 to 270 baht). I was told that this price increase is more to cover the increased cost of delivery. I suspect as the store (Home Mart in this case) replenishes it's stock, the suppliers will charge more and we'll see another increase in rebar prices.
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Postby thomas.fontaine » Fri Mar 07, 2008 12:49 pm

I have a detailed report in front of me in relation to steel price increase. This report confirms what is already known by all CTH member and explained in this post (worldwide market demand, oil and gas prices, acquisitions and mergers in the business...).

However, this report also highlights the following:

"The outlook is for higher pricing during most of Q2. European price rises are occuring later and EU producers may need to raise prices further in Q3, when other regions may already be weakening"

Which is a good news for CTH members who are to built their house later this year...like me.
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Good news

Postby jazzman » Thu Nov 20, 2008 9:59 pm

Good news on steel prices -
Just purchased a load of 4hun rebar at 110 baht a piece while some places (GlobalHouse) are still quoting 180 baht, and roof steel at 490 a piece. A total saving of around 30,000 baht on the current project.
How to build a $20,000 / £14,000 house and a $???? MOTEL Updated 21 March 09 - with BOQ and costs
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Re: Steel Prices

Postby tung » Tue Dec 09, 2008 12:46 pm

Can someone explain how steel rebar is sold and priced.

Priced by the tonne?

By Length?

Can't seem to find an explanation of hun etc on the site. If there is can someone direct me.

Thanks
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Re: Steel Prices

Postby jazzman » Tue Dec 09, 2008 6:18 pm

Sold in 10m lengths. Folded in two. If you are buying ready made braces, they are sold by the kilo. I have had kilo prices from two different places last week on the same day at 33 baht and 41 baht. At 33 baht the savinig on one house was several thousand baht.
Some contractors make up their own on site from 6mm steel rebar, but it's a toss up if that save much. The time saving with the ready made ones is impressionable.
A hun is 1/8".
How to build a $20,000 / £14,000 house and a $???? MOTEL Updated 21 March 09 - with BOQ and costs
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Re: Steel Prices

Postby tung » Tue Dec 09, 2008 9:13 pm

Thanks Jazzman.

So the prices quoted here:

http://www.coolthaihouse.com/blog/?p=417

Are for 10 Metre lengths, correct?
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Re: Steel Prices

Postby jazzman » Wed Dec 10, 2008 5:48 am

That is correct. It is therefore very easy to calculate all the rebar you need for your house; you generally need 4 x 12mm for all the GB, RB, and columns, plus a 20 x 20 cm grid for the footings.
How to build a $20,000 / £14,000 house and a $???? MOTEL Updated 21 March 09 - with BOQ and costs
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Re: Steel Prices

Postby pklongball » Wed Dec 10, 2008 7:47 am

Sorry Jazzman^^^^but may be obvious to most but?

What is ? GB & RB in reference to your post :?:

you generally need 4 x 12mm for all the GB, RB, and columns
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Re: Steel Prices

Postby Nawty » Wed Dec 10, 2008 5:23 pm

ground beam and roof beam
conwood is not real wood.....break it down 'con' to deceive...'wood'
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Re: Steel Prices

Postby pklongball » Thu Dec 11, 2008 7:11 am

Thanks Nawty

:)
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Re: Steel Prices

Postby tung » Thu Feb 05, 2009 11:22 am

Steel Prices today 05/03/2009:

SD40 rough 12mm 202 baht piece

SD40 rough 16mm 354 baht piece

SR24 9mm 115 baht piece

SR24 6mm 53 baht piece
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Re: Steel Prices

Postby thaifly » Thu Feb 05, 2009 11:52 am

tung wrote:Steel Prices today 05/03/2009:


SR24 9mm 115 baht piece

gidday tung.. the great jazzman..has mentioned on his motel build..that he has bought 9mm.@38 baht a pop up ...up his way... assuming it is the same steel...it may be worthwhile ...to check your price...thats a hell of a difference..and a whopping saving as well...its a steel of a gidday to all its the thaifly frommae rim
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Re: Steel Prices

Postby jazzman » Thu Feb 05, 2009 12:15 pm

See my prices here: http://coolthaihouse.com/cthpics/thumbn ... p?album=76
I have the bills to prove it :D
How to build a $20,000 / £14,000 house and a $???? MOTEL Updated 21 March 09 - with BOQ and costs
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