Posted on 09 Aug 2011
Scrap
- Korean domestic scrap prices declined slightly this week. H1 grade scrap was sold at $442-460 per tonne, down $9-18 per tonne – source: SBB
Semis
- Billet prices on LME three-month contract remained flat at $585-590 per tonne – source: MB
- Billet import price into South East Asia remained firm at $680 per tonne FOB. Billet to Philippines at $690-695 per tonne CFR – source: SBB
- Brazil's August slab export price remained stable at $708-710 per tonne FOB to US and Mexico and at $680-700 per tonne FOB to Taiwan – source: SBB
Bar
- Turkish rebar producers cut domestic prices to $750-760 per tonne ex-work price – source: MB
- Malaysian mills cut rebar prices in two months by RM50 per tonne to RM3,400 per tonne ($796) due to Ramadan slow down sales – source: MB
HRC
- October HRC forward contract on the Shanghai Steel Exchange Centre (SSEC) dropped by 1.6% to 4,761 Yuan per tonne ($739) – source: MB
- Several Russian and Ukrainian mills indicated $15-20 per tonne increases motnh-on-month on export prices for September rolling to $705-715 FOB Black Sea & Baltic Sea Ports – source- MB
