News Room - Steel Prices

Posted on 30 Jun 2011

Steel price report as of June 30, 2011

Scrap

-          Turkish scrap import price from UK off HMS 1&2 80:20 at $455 per tonne CFR and for shredded scrap at $460 per tonne – source: SBB

Semi

-          Wednesday's LME three month billet price remain unchanged from Tuesday at $500-560 per tonne – source: MB

Bar

-          Rebar price is at THB 22,200 – 22,500 ($721-731) per tonne ex-mill in Thailand – source: SBB

-          Malaysia domestic price for 16 mm and up diameter rebar at RM2,350 and for 10-12 mm rebar at RM 2,500 per tonne – source: SBB

Hot rolled coil prices

-          Chinese HRC producers cut HRC prices. Xinyu Steel cut HRC price by 80-100 Yuan ($12-15) for July shipment. Tianjin Tiantie Steel cut by 50 Yuan. In Shanghai, steel mills cut price of commercial grade 4-12 thick HRC by 120-130 Yuan per tonne – source: MB