Posted on 04 May 2011
Scrap
- Metal Bulletin Ferrous scrap index shredded in India was reported at $474.44 per tonne CFR, HMS 1&2 (80:20 mix) FOB Rotterdam registered 420.39 FOB
Semis
- Metal Bulletin CIS export slab was $650-660 per tonne FOB Black Sea for 2 May record.
Bar
- Rebar offer prices from Turkey to Singapore up to $730-740 per tonne CFR, from $690 per tonne CFR last week – source: SBB
- Korean rebar was offered at $770 per tonne CFR to Singapore – source: SBB
- China's Shagang raised rebar price by $23 per tonne, making 16-25mm HRB335 rebar was priced at $762 per tonne, with 17% VAT – source: SBB
- CIS rebar price up to $680-690 FOB Black Sea – source: MB
Hot rolled coil prices
- The Steel Index reference price for HRC is $832 per short ton, FOB, down by $17 – source: SBB
- Indian steel mills planned to increase HRC price for May by around INR1,000-1,500 per tonne – source: Yieh
- Taiwanese HRC price dropped by NT$ 1,000 per tonne to NT$22,500 per tonne – source: Yieh
