Posted on 04 Jan 2012
Scrap
- China’s Jiangsu, major scrap buyer, cut its buying prices by RMB100 per tonne ($16). Wuhan I&S reduced its scrap prices by RMB 30-50 per tonne. Market prices for heaving melting scrap (>6mm) at RMB 3,350-3,400 per tonne ($532-540) with 17% VAT – source: SBB
- Turkish ship scrap prices up to $440 per tonne – source: SBB
- Billet price was concluded at the end of December at $590-600 per tonne FOB Black Sea – source: MB
Semis
- Northern China billet prices for 150x150 mm Q235 billet from major mills in Tangshan dipped by RMB 30 per tonne ($6) to RMMB 3,700 per tonne ($588) with 17% VAT – source: SBB
- The semi-finished product has been traded as low as $580 per tonne CFR – source: MB
Bar
- Korean theoretical –weight rebar was offered to East Asia to $680 per tonne CFR – source: SBB
- Turkish rebar offers to East Asia are prevailing at $700 per tonne CFR and more – source: SBB
- Rebar price was concluded at $650-660 per tonne FOB Black Sea for January rolling – source: MB
- Shangdong I&S announced to cut rebar prices by RMB80. HRB 335 rebar 16-25 mm diameter at RMB 4,500 per tonne – source: Yieh
HRC
- In Shanghai, offers of Q235 5.5 mm HRC are RMB 4,220 -4,240 per tonne ($670-674) with 17% VAT and RMB 4,300 – 4,320 per tonne with VAT in Lecong – source: SBB
