Posted on 09 Jul 2012
Scrap
- The US’s two bulk cargoes of heavy melting scrap 1&2 (80:20) sold to China at $398 per tonne CFR for August shipment – source: SBB
- Most US scrap deals down $35-40 per long ton to $340 per long ton for shredded scrap – source: SBB
- Taiwan’s scrap import market stopped falling. The transaction prices of the US container HMS 80:20 (1&2) to Taiwan were $375 – 378 per tonne C&F – source: Yieh
Semis
- Anfeng Iron and Steel raised its prices for 150x150mm Q235 billet by RMB 10 per tonne ($2) to RMB 563 per tonne delivered to Tangshan – source: SBB
Bar
- Beijing spot market offers for 18-25 mm diameter HRB400 rebar from Hebei Iron & Steel (Hegang) down by RMB 10 to RMB 4,100 per tonne – source: SBB
- Shanghai’s spot market price for rebar was traded at 3,790-3,960 Yuan per tonne ($600-627), down 10-20 Yuan per tonne – source: MB
- Taiwan’s Feng Hsin cut rebar price by NTD 300 per tonne to NTD 19,000 per tonne – source: Yieh
HRC
- A major local independent trader in Russia bought 3,500 tonnes of July-rolled HRC for 17,550 Roubles ($541) per tonne ex-works (excluded VAT) – source: MB
- HRC offer prices in north and south Europe were unchanged at Euro 520-530 per tonne ($649-661) delivered in August – source: MB
