News Room - Steel Prices

Posted on 16 Sep 2011

Steel price report as of September 16, 2011

Scrap

-          HMS 1&2 Steel Scrap Prices in Spain rose to Euro 300-305 per tonne CFR ($410-418) – source: MB

-          Korean scrap price remained flat. H1 grade scrap at KRW 480,000 ($431) – source: SBB

Semis

-          Turkish billet export price stabilized at $695-700 per tonne FOB main Turkish port – source: MB

-          Billet prices stabilized in northern China. In Hebei province's Tangshan City export prices for 150x150 mm Q235 at RMB 4,390 per tonne ($686) with 17% VAT – source: SBB

-          Brazil's slab price to South Korea down to $670 per tonne FOB – source: SBB

Bar

-          Turkish export rebar prices were unchanged at $730-735 per tonne FOB – source: MB

-          Nineteen Chinese steel mills cut their rebar prices by 20-70 Yuan per tonne to 4,744 Yuan ($733) – source: MB

-          Korea's spot prices for SS400 10 mm at KRW 800,000 – 810,000 per tonne ($717-726) – source: SBB