News Room - Steel Prices

Posted on 10 Oct 2011

Steel price report as of October 10, 2011

Scrap

-          Tokyo Steel reduced its scrap purchase prices by 500 Yen per tonne ($6.5) to 35,000 Yen per tonne for seaborne and overland arrivals to its Kyushu works – source: MB

Semis

-          SE Asian billet import price offers are currently at $680-685 per tonne CFR – source: SBB

-          Offers for Korean-origin billet into SE Asia are currently at $670-675 per tonne FOB – source: SBB

Bar

-          Rebar prices in Spain stable at Euro 300-310 per tonne ex-works offers for ex-works. Offers for export are currently at $510-520 per tonne FOB – source: SBB

-          Turkish rebar exporters lower prices by $50 to 680-690 per tonne FOB main Turkish port – source: MB

HRC

-          Turkish flat steel producers cut HRC price to $710-720 per tonne – source: SBB

-          Japanese steel mills raised HRC export price by $10-20 per tonne – Yieh

-          CIS Steelmakers, Russia’s MMK cut HRC price to $670-680 per tonne C&F – source: Yieh