Posted on 29 Jun 2011
Scrap
-         Booking of HMS (80:20 mix) in South East Asia remained unchanged at $460-470 per tonne CFR since early May – source: MB
Semi
-         Malaysia's offer price for billet is at $670 per tonne FOB – source: MB
-         LME three month steel billet contact remained unchanged at $555-560 per tonne – source: MB
-         CIS billet export offers fell by $15 per tonne on lower demand to $655-660 per tonne FOB Black Sea for 125x125 mm and 130x130 mm – source: MB
Bar
-         Germany rebar price at Euro 580 per tonne – source: SBB
Hot rolled coil prices
-         HRC offers to Vietnam from China fell to below $700 per tonne CFR – source: MB
-         Chinese domestic HRC price fell to RMB 4,670-4,700 ($722-726) with 17% VAT for Q235 5.5 mm in Shanghai and RMB4,800-4,830 per tonne with VAT in Guangdong – source: SBB
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