Posted on 14 Aug 2012
Scrap
- US’s domestic scrap prices surged by $80 per long ton in Midwestern American and by $30-50 per long ton in Eastern America HMS 80:20 (1&2) to Turkey at $415 per tonne CFR – source: Yieh
Semis
- CIS-origin billet price is at $535-540 per tonne, down from $530-550 per tonne – source: MB
Bar
- Nucor announced a net increase of $50 per ton for merchant bar and structural products – source: MB
- S. European rebar producers offering at Euro 505-510 per tonne FOB for September products while sales achieved at Euro 500-505 per tonne last week – source: SBB
- Major Chinese mills retain rebar prices. Hegang’s prices for 18-25mm diameter HRB 335 rebar at RMB 3,710 ($583) per tonne, with 17% VAT – source: SBB
HRC
- Baosteel cut HRC price by 100 Yuan ($16) per tonne. China’s domestic commercial-grade HRC prices were in the range 3,580-3,670 Yuan on Monday 13, August – source: MB
- CIS HRC price stable at $550 per tonne FOB Black Sea – source: MB
