Posted on 12 Jan 2011
Scrap
- Metal Bulletin reported steel scrap shredded US export price FOB east coast on 6 January 2011 at 470-475 USD per tonne – source: MB
Semi-finished steel prices
- LME billet continued to rise. Three-month billet price up by $40 to 585 USD per tonne – source: MB
- Russia and Ukraine sold billet at 640-650 USD per tonne FOB Black Sea for next month – source: MB
- CIS billet price reached 655 FOB Black Sea – source: SBB
- Billet offers into Southeast Asia have gone up by $30-40 to 650-670 USD per tonne CFR – source: MB
- Metal Bulletin reported CIS slab export (Black Sea) on 10 January 2011 at 510-520 USD per tonne – source: MB
Bar
- Offer prices for rebar into Southeast Asia rose sharply. Korean theoretical-weight rebar offers to Singapore are prevailing at 750 USD per tonne CFR, and Turkish mills offer at 730-760 USD per tonne CFR – source: SBB
- Offer of rebar from Taiwan last week at 730 USD per tonne CFR, and is expected to be around 750 USD per tonne CFR this week – source: SBB
Hot rolled coil prices
- Baosteel raised HRC price by RMB 100 to RMB 5,102 per tonne in February – source: MB
- Chinese and South Korea increased HRC export price to Middle East by $50 to 690-700 USD per tonne – source: MB
- Chinese boron-bearing HRC export offers up by $30-35 to 670-680 USD per tonne FOB – source: MB
