Posted on 24 Jun 2013
China’s Steel prices
Long steel prices
- An eastern Chinese mill suggested that bids from buyers in Singapore
had not changed much from the previous week, remaining at about $490-495/mt CFR
– source: SBB
Flat steel prices
- Commercial-grade
hot rolled coil (4.5-12mm) in Shanghai traded at 3,440-3,460 yuan ($558-561)
per tonne, down 10 yuan ($2) per tonne from Tuesday.: SBB
Steel Prices in other countries
Scrap
-
Melting scrap from shipbreaking is now offered to mills in
western Turkey at $350-355/mt delivered to mill, up to $10/mt higher than last
week – source: SBB
-
Japan’s H2 scrap export
prices have dropped to ￥30,000~￥30,500/ton- Yieh
Semis
-
Cash prices for the semi-finished product also
moved down, ending the week at $120-130 per tonne, compared with $125-145 per
tonne a day earlier – source: MB
Bar
-
Rebar prices retreated in April and May from a February high
of about $690 per ton ($34.50 per hundredweight), but appear to have struck
bottom this month at around $645 per ton ($32.25 per cwt), with prices varying
based on region and order size- source: MB
-
Prices for rebar exports from Spain, Portugal
and Italy are now at €420-435 ($562-582) per tonne fob main Southern Europe
port for July rolling, down from €425-450 last week – source: MB
