Posted on 17 Nov 2011
Scrap
- Pakistn steel cut scrap prices by PKR 1,000 – 2,400 ($11-27) to $400-450 per tonne – source: SBB
- A mixed cargo of 27,000 tonnes of HMS 1&2 (75:25) and 6,000 tonnes of shredded material were offered at $406.50 per tonne and $430.50 per tonne CFR Istanbul – source: MB
Semis
- CIS mini mills held billet export price steadily at $570-575 per tonne FOB for December production – source: MB
- Taiwanese importers are bidding billets at low prices. Dragon Steel purchased a 10,000 tonnes of vanadium-added billet at TWD 18,600 per tonne ($615) – source: SBB
- 25,000 tonnes of Korean billet for December shipment were booked at $625 per tonne CFR Philippines – source: SBB
- In Thailand, most billet importers are bidding at $600-610 per tonne – source: SBB
Bar
- Taiwan’s bar producer, Hai Kwang Enterprise Corp., lifed its domestic rebar list price by $7 per tonne to $646 per tonne for SD 280 rebars – source: SBB
- Korea imports base-size rebar from China at $630-640 per tonne CFR for December shipment – source: SBB
HRC
- Pakistan Steel reduces HRC prices from $817-839 per tonne to $789-814 per tonne – source: SBB
- EU HRC price will fall by 17% in the first quarter of 2012 to Euro 500 – source: MB
- Some Korean mills sell grade SS400 HRC as low as KRM 780,000 per tonne ($682), while some retail prices for domestic remain at KRM 840,000 per tonne – source: SBB
