Posted on 24 Jun 2011
Scrap
- US scrap price for 80:20 shredded up $10 per tonne to $497 per tonne CFR to China- source: SBB
- Hyundai bought 80,000-90,000 tonnes of Russia A3 grade scrap for July/August shipment at $474 per tonne CFR- source: SBB
- Tokyo steel lifted scrap buying price by $6-12.5 per tonne – source:SBB
- Saudi Arabian domestic scrap prices remain unchanged at $264 per tonne – source: SBB
Bar
- China's rebar price fell by 20-80 Yuan per tonne ($3-12) – source: MB
Hot rolled coil prices
- Domestic HRC offer prices in Europe slide to Euro 550-555 per tonne, down by Euro 10-20 per tonne – source: MB
- POSCO increased domestic price for HRC, CRC and heavy plate by 16-18%- source: Yieh
- Taiwan's Chung Hung Steel cut HRC, CRC price by NTD 1,600-1,700 for June delivery- source: Yieh
