News Room - Steel Prices

Posted on 29 Aug 2011

Steel price report as of August 29, 2011

Scrap

-          HMS 1&2 (80:20) in Iskenderun fell slightly to $465.88 per tonne CFR – source: SBB

Semis

-          Prices of Korean-origin billet to Philippines were $695-700 per tonne CFR and to Vietnam were $690 per tonne CFR – source: SBB

Bar

-          MB reported CIS export rebar price down to $700-710 per tonne FOB from 25 July Black Sea/ Baltic Sea – source: MB

-          China's rebar export price increased from $710-720 per tonne in early August to $720-730 per tonne FOB main port on 26 August – source: MB

HRC

-          Taiwanese SAE 2006 2 mm base HRC to Bangkok at $750 per tonne CFR for September/ October shipment – source: SBB

-          Offers of 2 mm base SPHC or SAE 1006 originating from Taiwan and Korea are prevailing at $750 per tonne CFR Vietnam, down from $760 per tonne in mid-August – source: SBB