Posted on 21 Dec 2011
Scrap
- Scrap price in southern China down, Sanbao I&S in Fujian province cut its scrap buying prices by RMB 50 per tonne to RMB 3,630 per tonne ($571) with 17% VAT for heavy melting scrap (>6mm) – source: SBB
- Turkish scrap prices up to $401-449 per tonne – source: SBB
Semis
- CIS billet sales reached $600 FOB Black Sea- source SBB
- Billet prices in northern China stabilized. In Hebei province’s Tangshan city, ex-works price for 150x150mm Q235 billet stayed at $592 per tonne with 17% VAT on a cash-payment basis – source: SBB
- CIS mini mills pushed billet export prices up by $20 per tonne to $585 – 590 per tonne FOB Black Sea – source: MB
Bar
- Northern China rebar prices down. Offer of 16-25mm HRB 335 rebar from Hebei I&S at $634-635 per tonne with 17% VAT, down $5 per tonne – source: SBB
- In Beijing, spot prices of 16-25mm diameter grade III rebar fell 10-20 Yuan per tonne to 4,000-4,280 Yuan per tonne - source: MB
- Tokyo Steel will increase domestic rebar prices by Yen 3,000 per tonne – source: Yieh
HRC
- Turkish HRC prices increased $10-20 per tonne to $640-650 per tonne ex-works for January to February production – source: SBB
- HRC with 5-12 mm thickness in Shanghai up to $659-660 per tonne – source: MB
