Posted on 09 Aug 2012
Scrap
- Bulk scrap offers jumped by $10-15 per tonne – source: SBB
- Japan Ferrous scrap price rose 21 Yen per tonne. Hyundai Steel purchased 30,000 tonnes from Japan at 27,500 Yen per tonne for H2 scrap, 30,500 Yen per tonne for P&S scrap and 31,000 tonnes for high-grade ‘Shindachi’ scrap – source: MB
- US’s H1 scrap price rose by $46.66 per long ton to $360.83 per long ton – source: Yieh
Semis
- Offers of Chinese origin billet at $590-595 per tonne CFR SE Asia – source: SBB
- Japanese billet to Indonesia at $590 per tonne CFR and Black Sea billet to Indonesia at $595 per tonne CFR – source: SBB
- Northern China’s billet prices continued to decline. In Tangshan City, ex-works prices for 150x150mm Q235 billet down by RMB 10 per tonne to RMB 3,270 ($514), with 17% VAT on a cash-payment basis – source: SBB
Bar
- Turkish-origin theoretical weight 10-22mm rebar at $620 per tonne CFR, down $5 per tonne – source: SBB
- Chinese boron-added theoretical-weight rebar of 13mm and more at $585 per tonne CFR Singapore – source: SBB
- Brazil-based long steel producer Votorantim Siderurgia increased its domestic price by 2.5% for deliveries effective from July 1 to average 1,897 Reals ($934) per tonne – source: MB
HRC
- Chinese offers for HRC to India fell by $30 to $550-555 per tonne CFR Mumbai – source: MB
