Posted on 26 Oct 2011
Scrap
- US domestic ferrous scrap price may drop y $20 per tonne in November 2011 – source: MB
- US HMS 80:20 (1&2) and shredded scrap at $416 per tonne C&F and $421 per tonne C&F to Taiwan, down by $14 per tonne. – source: Yieh
- Japan’s H2 scrp down by $22 per tonne to $412 per tonne C&F to Taiwan – source: Yieh
Semis
- CIS origin billet prices dipped slightly to $590 per tonne FOB Black Sea – source: SBB
- Billet prices in Northern China recovered by RMB 60 per tonne ($9) to RMB 3,820 per tone ($601), with 17% VAT on a cash-payment basis for 150x150mm Q235 – source: SBB
- CIS and Turkish billet export prices to Persian Gulf down by $50 per tonne for November shipment – source: MB
- Billet prices in Southeast Asia fell furthers. Mills in Indonesia and the Philippines booked billet from Korea and Taiwan at $660-665 per tonne CFR, down by $5 per tonne – source: MB
Bar
- Rebar prices in Eastern China surged slightly over the past few days by RMB 30 ($5) per tonne to RMB 4,230-4,240 per tonne ($663-665) for 16-25 mm HRB 335 grade – source: SBB
- Korea’s domestic rebar offer prices are KRW 810,000 – 820,000 per tonne ($715- 724) for SD 400 10 mm – source: SBB
HRC
- Korea’s HRC export prices dropped. POSCO-produced SS 400 2mm HRC down by $30-50 per tonne to $660-670 per tonne FOB – source: SBB
