News Room - Steel Prices

Posted on 13 Jul 2012

Steel price report as of July 13, 2012

Scrap

-          Japanese scrap export auction price rose to 25,766 Yen per tonne ($324)FAS, from 35,560 Yen per tonne in last month auction – source: MB

Semis

-          North China’s billet prices stagnated. Tangshan city ex-works prices for 150x150mm Q235 billet at RMB 3,580 ($562) per tonne, with 17% VAT – source: SBB

Bar

-          Turkish rebar export offer prices down by $5 per tonne to $620-625 per tonne FOB for August production – source: MB

-          Eastern China’s Shagang cut its rebar price for mid-July delivery by RMB 70 per tonne ($11). A 16-25mm diameter HRB 335 and HRB400 rebar is sold at RMB3,950 per tonne ($620) and RMB 4,070 per tonne, respectively, with 17% VAT – source: SBB

HRC

-          Offer prices for commercial-grade HRC with boron from China to India fell by $20 to $590-595 per tonne CFR – source: MB

-          China’s Baosteel cut prices for August shipment of HRC by 200 Yuan ($32) to 3,990-4,010 yuan per tonne – source: MB