Posted on 11 Jul 2012
Scrap
- Scrap prices in Japqan down by over 20% since early April – source: MB
- MB reported USA export ferrous scrap shredded on 6 July 2012 at $357-362per tonne FOB East Coast – source: MB
- Shredded scrap was being offered at $415-420 per tonne CFR Nhava Sheva, up from offers last week t $405-410 per tonne – source: MB
Semis
- Northern China’s billet price remained steady at RMB 3,580 ($352) per tonne, with 17$ VAT for 150x150mm Q235 billet ex-works prices – source: SBB
Bar
- Offers for 18-25 mm diameters HRB 400 rebar from Hebei Iron & Steel (Hegang) dropped by RMB 10-30 ($2-5) to RMB 4,050-4,070 per tonne ($636-639) – source: SBB
- In Shanghai, rebar was traded at 3,780-3,950 Yuan ($598-625) per tonne, down 10 Yuan – source: MB
HRC
- Japanese re-rolling grade HRC in April – June offering at $660 per tonne FOB – source: SBB
- Russian mills are offering $560-580 per tonne FOB re-rolling grade HRC to Korea – source: SBB
- Export prices of Chinese HRC down by $55-65 per tonne since mid April, SS400B 3.0 mm thick and above HRC was $590-596 per tonne FOB – source: SBB
