Posted on 20 Sep 2011
Scrap
- Scrap prices on MB's daily ferrous scrap index CFR Iskenderun moved down to $465.39 per tonne on an HMS 1&2 (80:20) – source: MB
Semis
- CIS billet exporters will have to lower offer prices from $660-670 per tonne to $640-645 per tonne FOB Black Sea as buyers prepared to pay at this prices – source: SBB
- SE Asian billet import prices inch up toward $700 per tonne CFR – source: SBB
- Chinese billet prices in Tangshan market fell to $678 per tonne for 150 mm diameter Q235 grade – source: MB
Bar
- Chinese offer 18-22 mm HRB 335 rebar prices from tier-two mills down by RMB 40 per tonne to RMB 4,640-4,650 ($725-727) with 17% VAT – source: SBB
- Steelmakers in Korea offer SS400 10 mm diameter rebar for August – September deliveries at KRW 850,000 per tonne ($742) while the contractors are willing to pay at KRW800,000 per tonnes ($699) – source: SBB
HRC
- Korean and Taiwanese mills are offering 2mm re-rolling grade or pipe-making quality HRC at $720-730 per tonne FOB – source: SBB
- South Korea's October HRC export price to Vietnam surged by $20-30 per tonne – source: Yieh
- BaoSteel raised HRC domestic price by RMB60 per tonne for October shipment – source: yieh
