News Room - Steel Prices

Posted on 06 Mar 2012

Steel price report as of March 6, 2012

Scrap

-          No. 1 heavy melt scrap prices in Philadelphia down by $5 per ton to $385-390 per ton. Shredded has traded at $430-440 per ton – source: MB

Semis

-          Korean billet offered to Indonesia and Philippines at $660 per tonne CFR – source: SBB

-          CIS origin commercial billet export price may increase $20 per tonne to $610 per tonne FOB Black Sea – source: SBB

Bar

-          In Beijing, prices for 18-25 mm diameter HRB 335 rear remained at RMB 4,180 ($663) per tonne with 17% VAT – source: SBB

-          Russian and Ukrainian rebar mills increased their export prices by $10 to $670-680 per tonne FOB Black Sea for April production – source: MB

HRC

-          China domestic HRC prices inched up to RMB 4,260-4,280 ($675-678) per tonne with 17% VAT for Q235 5.5 mm HRC – source: SBB

-          Russian’s NLMK offered April rolling HRC to European buyers at Euro 515 per tonne ($681) – source: SBB

-          Russian and Ukraine HRC offer to Turkey at $690 per tonne – soruce: SBB