Posted on 07 Jul 2014
Steel Prices in China
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On Beijing’s retail market
on July 4, the spot price for 18-25mm diameter HRB400 rebar sourced from Hebei
Iron & Steel was assessed unchanged from Thursday at Yuan
3,130-3,140/metric ton ($504-506/mt) actual weight with 17% VAT – source:
Platts
Steel Prices in other countries
Scrap
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Metal Bulletin's daily index
for HMS 1&2 (80:20) scrap delivered to Turkey closed at $360.08 per tonne
cfr on Friday July 4, down $1.9 per tonne week-on-week – source: MB
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Japanese traders were paying
around Yen 32,500/metric ton ($318/mt) FAS at Tokyo Bay to collect H2 material
for export, down from Yen 32,500-33,000/mt FAS the previous week – source:
Platts
Semis
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CIS-origin billet export
price was $490-495 per tonne fob Black Sea on Monday July 7, stable
week-on-week – source: MB
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One deal for Russian-origin billet
for July rolling was heard at an equivalent of $494 per tonne fob Black Sea
last week – source: MB
HRC/P
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Turkish local producers
continued to sell HRC at $580-590 per tonne ex-works for September production –
source: MB
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HRC rolling into Turkey at
$540-545/metric ton CFR – source: Platts
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Russian producer Severstal
said it expected a roll-over of July prices onto August bookings reporting the
level of $550-555/mt for HRC and $630-635/mt for non-US markets, FOB Baltic Sea
– source: Platts
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The HRC import prices fell
to around €420/ton CFR and €415/ton CFR in Southern Europe and Northern Europe
respectively – source: Yieh
