News Room - Steel Prices

Posted on 17 Oct 2011

Steel price report as of October 17, 2011

Scrap

-          UK ferrous scrap prices fall 5-10 pound per tonne ($7.9-15.8) month-on-month. HMS 1&2 scrap is expected in containers at 240-250 pound per tonne ex-yard – source: MB

Semis

-          CIS producers cut billet prices to traders and re-rollers in Turkey by $40 per tonne to $620-630 per tonne for November production – source: MB

Bar

-          China’s rebar prices down 0.6% to $674 per tonne – source: MB

HRC

-          Shanghai SSEC December HRC price down 1.4% to 4,365 Yuan ($682) per tonne – source: MB

-          Anshan’s HRC November price cuts by RMB 200-300 per tonne ($31-47) – source: SBB

-          Offers of Chinese 3-12 mm thickness SS400 B HRC at $670-675 per tonne CFR, down by $10 per tonne – source: SBB