Posted on 31 Oct 2011
Scrap
- Tokyo steel reduces scrap price again by Yen 500 per tonne ($7) – source: MB
Semis
- CIS Black Sea billet is booked at $630 per tonne CFR Thailand – source: SBB
- Russian- origin billet was offered at $630 per tonne CFR Philippines and Korean-origin billet at $640-645 per tonne CFR – source: SBB
- Vietnamese induction furnace mills are exporting billet at $620-630 per tonne FOB – source: SBB
- Turkish mini-mills slashed domestic billet prices by $20 per tonne to $600-610 per tonne exw for November production – source: MB
Bar
- Prices for merchant bar in north west Europe stabilized at Euro 600 per tonne ($849) – source: SBB
- Japan’s largest rebar producer, Kyoei Steel, targeted a domestic rebar prices at Yen 65,000 per tonne ($855) for base-sized rebars – source: SBB
- Shanghai Futures Exchange rebar prices unchanged at 4,040 Yuan per tonne ($634) – source: MB
- Taiwanese, Feng Hsin, cuts rebar prices further by NTD 500 per tonne to NTD 19,800 per tonne – source: Yieh
HRC
- Vietnam’s import HRC price dropped to $630-635 per tonne CFR for commercial quality 3-12mm thick – source: SBB
- Chinese HRC export offer prices to Korea keep falling. Shagang offered $645 per tonne CFR – source: SBB
