News Room - Steel Prices

Posted on 11 Jan 2012

Steel price report as of January 11, 2012

Scrap

-          The published scrap price by American Trade journal at $470 per long ton, up by $60 per long ton – source: SBB

-          US-origin mixed cargo of 25,000 ton HMS 1&2 (90:10) at $474 per ton CFR, for 5,000 tonnes shredded scrap at $479 per ton CFR – source: SBB

-          Average prices of H1 scrap in Pittsburge, Chicago and Philadelphia up to $410.83 per long ton – source: Yieh

-          US scrap prices to Taiwan for containerized HMS 80:20 (1&2) at $455 per tonne C&F – source: Yieh

Semis

-          CIS billet is sold at $600-605 per tonne FOB Black Sea. Some says that Iranian interest for billet at $635 per tonne CFR cash basis – source: SBB

-          Billet prices in northern China dipped by RMB 20 per tonne to RMB 3,720 ($589) per tonne for 150x150 mm Q235 billet ex-work – source: SBB

Bar

-          In Guangzhou, prices of 16-25 mm diameter grade II rear was at RMB4,450-4,660 Yuan per tonne, down 30-40 Yuan per tonne – source: MB

HRC

-          Indian HRC prices up by $9.5-19 per tonne to $656-685 per tonne ex-work for IS 2062 grade A/B structural HRC (>=3mm thick) – source: SBB

-          CIS HRC export prices for February rolling are likely to rise by $15-20 per tonne – source: MB