Posted on 29 Jun 2012
Scrap
- Deep-sea scrap booking by Turkish steel mills from the US was a 40,000 tonnes cargo of HMS 1&2 (80:20) at 383 per tonne, shredded scrap at #388 per tonne CFR – source: SBB
Semis
- Vietnam’s billet export price targeted at $605 per tonne FOB but regional buyers are bidding at under $600 per tonne CFR Southeast Asia- source: SBB
Bar
- Rebar price on the Shanghai Future Exchange (SHFE) rose to RMB 4,085 ($643) per tonne – source: SBB
- Spanish and Italian mills cut their export prices for rebar by $6.24 per tonne to $605-618 per tonne FOB for July production – source: MB
- Rebar prices were flat in Shanghai RMB 3,820-4,000 per tonne and Beijing at RMB 4,040 and 4,100 per tonne – source: MB
HRC
- Since May, Indian producers keep their offer price of IS 2062 grade A/B structural HRC, 3mm thick and above at Rs36,000 -36,500 ($630-639) per tonne ex-works- source: SBB
