Posted on 02 Aug 2011
Scrap
- Rotterdam scrap price picked up shredded was up to $450 per tonne FOB, while HMS 1$2 70:30 is trading at $420-425 per tonne – source: SBB
Semis
- Chinese billet price in the key Tangshan market rose to hit a new high. Q235 billet of 150 mm diameter is trading at 4,490-4,500 Yuan ($698-699) per tonne, up by 210-220 Yuan per tonne- source: MB
- In Beijing, grade III rebar of 16-25 mm diameter is at 5,070 Yuan, up by 100 Yuan from four weeks ago – source: MB
- Bookings of slab in East Asia's spot market at $650 per tonne CFR last month – source: SBB
- In Taiwan, 10,000 tonne of plate-making slab from Brazil was booked at $650-655 per tonne CFR – source: SBB
- Russia coil-making slab into Taiwan was concluded at $644-645 per tonne in mid-July – source: SBB
Bar
- Shagang Group, Maanshan Steel and Shandong Steel raised rebar price by 50-100 Yuan per tonne ($7.5-15) – source: MB
- Turkish mills sold rebar to stockists and builders in the domestic market at $760-770 per tonne exw for August production, down from $770-780 per tonne – source: MB
- Turkish rebar export price steady at $730-740 per tonne FOB for August production – source: MB
- Taiwanese Feng Hsin raise scrap and rebar price by NTD200 per tonne for domestic market to NTD13,300 and NTD20,800 per tonne, respectively – source: Yieh
HRC
- Taiwanese distributors tried to increase hot rolled steel price to NTD 21,500 this week, after the price dropped to NTD 20,000 – 20,500 per tonne in the beginning of July – source: Yieh
