News Room - Steel Prices

Posted on 23 Aug 2011

Steel price report as of August 23, 2011

Scrap

-          US scrap prices have remained firm in global market. HMS 80:20 to Taiwan are at USD480-485 per tonne CNF – steel guru

Bar

-          US spot prices for rebar remain flat at $720-740 per short ton FOB mill – source: SBB

-          Germany rebar prices have fallen at least Euro 30-35 per tonne to Euro 515-520 per tonne ex-works – source: SBB

-          Hangzhou prices for Shagang sourced 18-22 mm HRB 335 rebar price stabilized at RMB 4,900 per tonne with VAT – source: SBB

-          VN Steel will increase its rebar prices in September to 16.5-26.7 million dong ($794-803) per tonne – source: MB

-          Malaysian mills cut rebar prices by 50-100 ringgit ($17-34) per tonne to 2,300-2,350 ringgit per tonne – source: MB

HRC

-          The US HRC reference price FOB Midwest mill is 1.8% higher at $671 per short ton ($740 per tonne) – source: SBB

-          Indian mills fell to raise HRC price offers at $720-725 per tonne FOB have been rejected, but at $705-710 per tonne FOB have been able to sell – source: MB