Posted on 06 Aug 2014
Scrap
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U.S.?ˉs prime grade scrap
that some anticipated to be under pressure this month due to increased supply
also remained sideways. No. 1 busheling traded in the range of $400-405/lt
delivered mill in the Midwest ¨C source: Platts
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A steel mill in Iskenderun
booked a European cargo, comprising 11,500 tonnes of HMS 1&2 (75:25) at
$370 per tonne cfr, 4,000 tonnes of HMS 1 and 3,000 tonnes of shredded at $388
per tonne, and 5,000 tonnes of busheling at $393 per tonne cfr ¨C source: MB
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The H2 scrap prices in Tokyo
Bay region were at ￡¤31,500~32,000/ton,
which was ￡¤500/ton
lower than the prices in Kanto region ¨C source: Yieh
Bar/Wire rod
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In Mexican, rebar selling at
roughly Peso 8,700/mt ($656/mt) and wire rod at Peso 8,500/mt ¨C source: Platts
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Steel First's price
assessment for A500C 12mm rebar on Monday August 4 stood at 26,110-26,200
roubles ($730-732) per tonne cpt Moscow including VAT, on partial pre-payment
terms, up from 26,000-26,140 roubles ($727-730) ) per tonne cpt in the previous
week ¨C source: MB
HRC/P
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The Platts HRC import price
assessment for the US market is at $590-600/st CIF Houston ¨C source: Platts
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Tang Eng has also dropped
its August domestic prices for 300-series stainless hot rolled and cold rolled
flat products by TWD 2,500/mt ($83/mt). Prices for domestic-delivered grade 304
HRC 2mm and CRC 2mm 2B to TWD 86,500/mt ($2,878/mt) and TWD 91,500/mt
respectively ¨C source: Platts
