News Room - Steel Prices

Posted on 05 Oct 2012

Steel price report as of October 5, 2012

China Steel Prices

Flat

-          Offers of Chinese-origin 3mm thick and above SS400 boron-added commercial grade HRC averaged $555-565/tonne cfr, including $30-35/t freight, in end-September – source: SBB

-          Chinese offer prices for 10mm and up thickness ship plate have risen to $570-580/tonne cfr Singapore, up $30/t from mid-September offer levels – source: SBB

 

Steel Prices in other countries

Scrap

-          Containerised shredded scrap prices into Nhava Sheva remained above $405-408 per tonne cfr while Bulk cargoes of HMS 1&2 (80:20) were heard sold at $380-385 per tonne cfr – source: MB

-          US long products buyers are holding off on their purchases, waiting for mills to conclude their scrap purchases, which are settling some $45/long ton below September levels – source: SBB

-          Metal Bulletin’s HMS 1&2 (80:20)-basis daily ferrous scrap index began to fall in mid-August from a peak of $416.05 per tonne – source:MB

-          Japanese H2 scrap average prices in Kanto, Central and Kansai region were at ￥22,929/ton in the first week of October, falling by ￥933/ton from a week ago – source: Yieh

Semis

-          A re-roller in Turkey was looking at $540/t ex-works Aliaga for billet from local producers, after mills sold rebar up to $595/t exw locally – source: SBB

Bar

-          Rebar In Europe has been sold this week for €520-550 per tonne delivered for October production, down from €530-560 last week – source: MB

HRC

-          A Seoul-based trader said he had heard Hyundai was last week offering commercial grade HRC for export at $580/t fob – source: SBB