News Room - Steel Prices

Posted on 12 Feb 2013

Steel price report as of February 12, 2013

Scrap

-          Containerized shredded scrap prices into India slipped below $420/metric ton – source: SBB

-          Shredded scrap recorded a similar trend in Chicago, settling $9 down to $377 per ton – source: MB

Semis

-          The London Metal Exchange’s three-month steel billet contract prices fell to $280-290 per tonne on Monday February 11, from $285-295 per tonne on Friday – source: MB

-          Declining scrap prices after the winter has impacted billet levels from CIS by USD 5-10 per tonne over the week to USD 520-525 per tonne FOB Black Sea – source: Steelguru

Bar

-          For 14-30mm diameter bars produced in Ukraine for the domestic market, mills decreased their offers to Hryvnas 5,090-5,190/mt ($627-640) ex-works/ex-warehouse excluding 20% VAT – source: SBB