News Room - Steel Prices

Posted on 23 Sep 2011

Steel price report as of September 23, 2011

Scrap

-          Polish scrap price fell by an average of Euro 5 per tonne – source: SBB

Semis

-          CIS billet offer prices dipped slightly to $650 per tonne FOB Black Sea – source: SBB

-          Turkish producers lowered export billet price by $10 per tonne on weak demand to $685-690 per tonne FOB – source: MB

Bar

-          Kyoei Steel lifted rebar price for October contracts by $26 per tonne to $870 per tonne for base – sized rebars – source: SBB

HRC

-          Chinese domestic HRC in Southwest China continued to fall. Offers of Q235 5.5 mm HRC declined to as low as RMB 4,670 ($732) per tonne wih 17% VAT in Chongqing – source: SBB

-          Indonesia HRC prices rose by 200 Rupiah per kg ($22 per tonne) to 8,400 – 8,500 Rupiah per kg – source: MB