News Room - Steel Prices

Posted on 26 Sep 2011

Steel price report as of September 26, 2011

Scrap

-          Scrap offer price for 70:30 in Europe at $436 per tonne (Euro 318) CFR – source: SBB

Semis

-          Billet from Korea to Philippines is at $698-700 per tonne – source: SBB

-          Domestic billet price in Vietnam is prevailing at 14-14.2 million VND per tonne ($672-682) for October delivery – source: SBB

Bar

-          Tokyo Steel raised its spot rebar price from Yen 61,000 per tonne to Yen 63,000 per tonne – source: MB

HRC

-          Tokyo Steel raised HRC price by 3-7% to Yen 68,000 per tonne – source: MB

-          India HRC export offer prices rose by $10-15 to $720-730 per tonne FOB for October rolling – source: MB