Posted on 11 Jun 2012
Scrap
- Scrap price in North America down $60-65 per long ton. Shredded scrap was offered at $375-378 per long ton – source: SBB
- Buyers in Singapore and Vietnam were booked HMS 1&2 (80:20) in containers from Europe and USA at $410-420 per tonne CFR, down from $435-445 per tonne – source: MB
Semis
- Northern China’s billet prices increased again. Tangshan city ex-works price for 150x150 mm Q235 billet prices up RMB 10 per tonne ($2) to RMB 3,610 per tonne ($567) – source: SBB
- Billet offered from Russia and the CIS to ASEAN were at $635-645 per tonne CFR, down from $640-655 per tonne CFR – source: MB
Bar
- In Beijing’s spot market, offer for 18-25 mm diameter HRB 400 from Hebei I&S remained at RMB 4,160 per tonne ($653-657) – source: SBB
- Some traders in China cut the rebar prices by RMB 10 per tonne – source: SBB
- Nucor, SDI mills reduced bar prices by $30 per tonne – source: MB
- Malaysian mills and traders offer rebar of 12 mm diameter and thicker at RM2,350 per tonne, down from 2,350-2,400 per tonne – source: MB
HRC
- Chinese mills offered HRC to Southeast Asia at $610 per tonne FOB. Offer prices for Chinese SS400B in Vietnam are prevailing at $620-625 per tonne CFR – source: SBB
