Posted on 16 Jul 2012
Scrap
- Hyundai Steel booked Japanese H2 Grade for $334 per tonne FOB – source: SBB
- Offer prices for US-origin HMS 1&2 80:20 to China were prevailing at $410-415 per tonne CFR – source: SBB
- Japanese scrap suppliers offered H2 scrap at Yen 27,000 per tonne FOB, but South Korean buyers bid at Yen 26,000 – 26,500 per tonne FOB – source: Yieh
Semis
- Billet prices in Brazil weakened to $580 per tonne FOB – source: SBB
- CIS billet was concluded at $530 per tonne FOB Black Sea on a 100% prepayment basis- source: SBB
Bar
- Beijing offers for 18-25mm diameter HRB 400 rebar sourced from Hegang stable at RMB 4,050-4,070 $635-638) per tonne, with 17% VAT – source: SBB
HRC
- Turkey’s HRC prices dropped by $10 per tonne to $610-620 per tonne ex-works – source: MB
- China HRC export prices could fall further in the next two weeks. Export prices for commercial-grade borom-containing HRC now at $580-585 per tonne FOB, down $5 per tonne – source: MB
