Posted on 25 Aug 2011
Scrap
- Tokyo Steel Manufacturing is cutting its scrap buying prices by 500 Yen per tonne ($6.5) to 35,000 Yen per tonne at Okayama and 33,000 Yen per tonne at Takamatsu for H2 grade – source: SBB
Semis
- LME steel billet cash prices strengthened as the market reacted to large stock drawdowns. Official three-month price LME billet prices up to $565-585 per tonne – source: MB
- Billet prices to the Persian Gulf have remained stewady at $710-720 for the seventh consecutive week at $710-720 per tonne CFR – source: MB
HRC
- S. Korea's POSCO has been offering HRC to Brazil for $750 per tonne FOB – source: SBB
- HRC remains at 4,017-4,233 Argentina Pesos per tonne ($995-1,046) in Argentina – source: SBB
- HRC prices to M.E. down a bit, prices from Korea and Japan has been offered at $720-730 per tonne CFR Persian Gulf for October delivery, from Ukrain at $700-720 per tonne CFR – source: MB
- China is offering commercial grade HRC to Vietnam at $740-780 per tonne CFR, up from $730-740 per tonne last week – source: MB
