Posted on 11 Jul 2011
Scrap
- Ferrous scrap prices to India hold steady at $485-495 per tonne CFR for shredded scrap, Nhava Sheva/ Chennai – source: MB
Semi
- Turkish mini mills raised billet price by $25 per tonne to $690-700 per tonne for small pacels due to higher scrap prices – source: MB
- Slab offer prices into East Asia fell in line with weaker coil and plate markets in the region. Taiwanese re-roller book slab at $640 per tonne CFR – source: SBB
Bar
- Shanghai rebar dipped 4 Yuan per tonne to 4,808 Yuan per tonne ($744) – source: MB
- Turkish rebar exporters boosted export prices by $30 per tonne to $730-740 per tonne FOB – source: MB
Hot rolled coil prices
- Italian coil prices softened by Euro 10 per tonne on weak demand.
- Russian HRC is at $730-740 per tonne. HRC from Southern Europe has been sold at Euro 520 per tonne ex-work into Germany and the Benelux region – source: SBB
