News Room - Steel Prices

Posted on 10 Sep 2010

Steel price report as of September 10, 2010

Scrap

-          Japanese Kanto's bid price of H2 Scrap at 360 USD per tonne fas (free alongside ship value) – source: SBB

Semi-finished steel prices

-          Indian SAIL 100 x100 mm billets at Rs26,500 per tonne – source: SBB

-          Indian Tata Steel 130 x 130 mm and above billet at Rs 24,500 per tonne – source: SBB

-          Bhusan 100x100 mm and 125 x 125 mm billet at Rs 24,000 per tonne – source: SBB

Rebar prices

-          Indian SAIL 8 mm Fe 500 TMT rebar at Rs 29,100 per tonne and 10 mm Fe 500 TMT rebar at Rs 28,650  per tonne – ex-works Durapur – source: SBB

-          Indian Tata Steel 8 mm Fe 500 TMT rebar at Rs 29,000 per tonne - ex-works Jamshedpur – source: SBB

-          Italy's merchant bar ex-work price is 712 – 738 USD per tonne. – source: SBB

Hot rolled coil prices

-          Middle East HRC offered to India at 660 – 670 USD per tonne CFR.- source: Metal Bulletin

-          Indian domestic HRC price is 660-670 USD per tonne ex-mill. – source: Metal Bulletin