News Room - Steel Prices

Posted on 02 Oct 2012

Steel price report as of October 2, 2012

China Steel Prices

Flat

-          Eastern China’s Shagang announced its October list prices on 29 September, raising hot rolled coil prices by RMB 150/tonne ($24/t) – source: SBB

Long

-          Eastern China’s Shagang announced its October list prices on 29 September, raising rebar by RMB 50/t and wire rod by RMB 100/t – source: SBB

 

Steel Prices in other countries

Scrap

-          UK’s 5C feed remained at ￡130-135 ($211-219) per tonne delivered, unchanged from last week’s levels – source: MB

-          Scrap export prices of the Japanese H2 scraps to Taiwan have decreased to US$350/ton C&F last week – source: Yieh

Semis

-          Several traders were offering CIS-origin billet at $505/tonne fob Black Sea – source: SBB

-          CIS slab export prices unchanged at $470-480 per tonne fob Black Sea- source: MB

Bar

-          Major Taiwanese rebar producer Feng Hsin Iron & Steel has lowered its domestic base-sized rebar price by TWD 200/tonne ($7/t) week-on-week to TWD 18,000/t ($614/t) ex-works Taichung – source: SBB

-          Russia’s Evraz cut its price for 12mm September-rolled rebar by 1% to 19,660 roubles ($630) per tonne ex-works – source: MB

HRC

-          Ukraine’s largest steelmaker has sold out its October-rolled HRC at $530-540 per tonne fob Black Sea – source: MB