Posted on 04 Jul 2011
Scrap
- US domestic shredded scrap price rose by $1 per tonne to $457 per tonne delivered Midwest mill – source: SBB
Semi
- CIS billet export prices are holding at $650 per tonne FOB Black Sea – source: SBB
- LME three-month steel billet surged to $565-571 per tonne on Friday – source: MB
Bar
- Eastern China's Shagang cut its rebar price by RMB 50 per tonne. Its 16-25 mm HRB 335 rebr at RMB 4,850 per tone ($750) with 17% VAT – source: SBB
- Russia's domestic rebar price continued to rise by $10 to $740-760 per tonne ex-work for July – source: MB
Hot rolled coil prices
- Eastern China's Shagang cut HRC price by RMB 150 ($29). Its Q235 5.5mm HRC at ($742) RMB 4,800 per tonne – source: SBB
- Japanese steelmakers are in negotiation with South Korean reroller. Japanese have asked South Korean for HRC price at $1,000 per tonne FOB for the second quarter but later drop to $800-900 per tonne FOB and finally come to $740 per tonne FOB. It is reported that Koreans asked for a price below $700 per tonne FOB – source: MB
