News Room - Steel Prices

Posted on 21 Dec 2010

Steel price report as of December 21, 2010

Scrap

-          Turkey's HMS 1&2 (80:20) up to 458.03 USD per tonne CFR – source: MB

-          Steel companies in eastern China raised scrap buying prices by RMB60 per tonne ($9) to RMB 3,250 per tonne ($488) for heavy melting scrap (over 6mm thick) – source: SBB

Semi-finished steel prices

-          CIS billet export price offer rose by 25 USD per tonne to 620-625 USD per tonne FOB Black sea but no booking has been made – source: MB

Bar prices

-          Tokyo Steel lifted rebar price by 6,000 Yen per tonne to follow scrap price hike – source: SBB

Hot rolled coil prices

-          Tokyo Steel is targeting 730 USD per tonne FOB for HRC for export but buyers demand at 600 USD per tonne – source: SBB

-          Angang Steel raised HRC price by 150-200 RMB per tonne ($22.52-30) – source: Reuters