Posted on 29 Aug 2012
Scrap
- Taiwan’s Feng Hsin lowered its scrap buying prices by TWD 200 per tonne to TWD 11,400 ($381) per tonne for HMS 1&2 (80:20) – source: SBB
- Japanese Tokyo Steel cut scrap purchasing prices by 1,000 Yen per tonne to 27,000 -29,000 Yen per tonne for H2 scrap – source: Yieh
Semis
- Offer prices for CIS billet unchanged at $555-560 per tonne FOB Black Sea – source: MB
Bar
- Northern China’s Hebei Iron & Steel (Hegang) cut its rebar contract prices for August by RMB 230-250 per tonne ($36-39) to RMB 3,450 ($547) per tonne for 18-25 mm diameter HRB 335 – source: SBB
- Taiwan’s Feng Hsin Iron & Steel kept its domestic base-sized rebar prices unchanged week-on-week at TWD 19,200 per tonne ($641) ex-works – source: SBB
- Evraz, the largest rebar producer in Russia and Novolipetsk Steel offered September-rolled 12 mm rebar at 19,900 roubles ($625) per tonne ex-works and 21,400 roubles per tonne ex-works, respectively – source: MB
HRC
- Indian importers expect Chinese HRC price at $525-530 per tonne CFR, down from the offered price of $540-545 per tonne – source: MB
- China’s 2.75mm HRC down by RMB 15 per tonne to RMB 3,683 per tonne – source: Steelhome
