Posted on 19 Jul 2012
Scrap
- Scrap prices moved down $110-120 per long ton from late May to early July. A major scrap yard in Pennsylvania offered $255 per long ton FAS for cars and light iron and a major yard in New York offered $275 per long ton FAS – source: SBB
- H2 scrap in Japan remained stable at Yen 27,000 per tonne – source: Yieh
- US H1 scrap average prices increased by $1.66 per long ton to $305.80 per long ton – source: Yieh
Semis
- Ex-works prices for 150x150 mm Q235 billet in Hebei stable at RMB 3,400 ($543), with 17% VAT – source: SBB
Bar
- Offers for 18-25 mm diameter HRB400 rebar from Hebei Iron & Steel (Hegang) dropped by RMB 20 per tonne ($3) to RMB 3,980-4,000 ($625-628) with 17% VAT – source: SBB
- Wuhan cut its steel prices by 40-300 Yuan ($6-48) per tonne for August. Rebar in Eastern Chinese city was traded at Yuan 3,640-3,780 per tonne – source: MB
- Nucor reduces rebar prices by $20 per ton. AMM prices for rebar at $690 per ton – source: MB
HRC
- China’s spot market prices for Q235 5.5mm HRC down to RMB 3,750-3,780 ($589-593) with 17% VAT – source: SBB
- Wugang decreased August HRC prices by RMB 150 per tonne 0$24), Q230 HRC price is tabled at RMB 3,630 per tonne, excluding 17% VAT – source: SBB
