Posted on 09 Jun 2011
Scrap
- A booking for 1,000 tonnes of containerized HMS2 from South Africa at $465 per tonne CFR, a booking of containerized HMS1 from the Middle East at $470 per tonne CFR – source: SBB
- Scrap offer for HMS 1&2 (80:20mix) in containers from Caribbean, Africa, Europe and US to SE. Asia were at $470-490 per tonne CFR, up from $465-475 per tonne CFR three weeks ago – source: MB
Semis
- Korean mills are now seeking to export billet at $655-660 FOB – source: SBB
- Malaysian mills are selling billet at $670 per tonne FOB – source: SBB
- Indonesian domestic prices of induction furnace billet rose by $11 per tonne – source: SBB
Bar
- Shanghai traders are now offering Ma-anshan Iron & Steel (Magang) sourced 50x50x5 mm angles at $750-752 per tonne, with 17% VAT, up by RMB 10-20 per tonne – source: SBB
Hot rolled coil prices
- Metal Bulletin's price of CIS export HRC reported on 6 June 2011 at $665-715 per tonne FOB Black Sea – source: MB
