News Room - Steel Prices

Posted on 09 Sep 2011

Steel price report as of September 9, 2011

Scrap

-         Scrap price in USA firms. HMS 1&2 80:20 cargo booked from USA at $472 per tonne

Semis

-          Thangshan City's prevailing ex-work prices of 150x150 mm Q235 billet at RMB 4,460 ($699) with 17% VAT – source: SBB

Bar

-          Russia's domestic rebar price falls by $5 in the past week to $735-770 per tonne ex-works- source: MB

HRC

-          Indian HRC export price to Europe rose by Euro 15-20 from Mid-August. 2mm and above thickness S235EN commercial grade HRC at Euro 525-530 per tonne CFR – source: SBB

-          Price of HRC (1.6mm, 4x8 fee) in Tokyo and Osaka dipped to Yen 71,000-73,000 per tonne ($922-928), down by $13 from Mid-August – source: SBB