News Room - Steel Prices

Posted on 13 Sep 2011

Steel price report as of September 13, 2011

Scrap

-          Taiwanese imported scrap prices hiked. Containerized 80:20 HMS 1&2 at $480-483 per tonne CFR, some offer up to $480-485 per tonne CFR – source: SBB

-          80:20 scrap from central/south America to Vietnam at $468-470 per tonne CFR – source: SBB

-          US scrap price to China for No.1 heavy melting scrap price increased to $501-504 per tonne – source: MB

Semis

-          CIS billet has been offered at $640-690 per tonne FOB Black Sea – source: MB

Bar

-          North African rebar prices are stable are may pick up next week. Current prices in Morocco is Euro 587-596 per tonne – source: SBB

-          Japan's rebar price rose to Yen65,000 ($844) per tonne in September from Yen 60,000 -63000 per tonne in August – source: SBB

-          Russian & Ukrainian rebar exporters lower prices to $715-725 per tonne FOB – source: SBB

HRC

-          Baosteel lifted HRC prices by 60 Yuan per tonne ($9) – source: Reuters

-          Indian domestic market began to accept HRC price increase of $10.8-21.6 per tonne – source: SBB