Posted on 24 Jun 2011
Scrap
-Â Â Â Â Â Â Â Â Â US scrap price for 80:20 shredded up $10 per tonne to $497 per tonne CFR to China- source: SBB
-Â Â Â Â Â Â Â Â Â Hyundai bought 80,000-90,000 tonnes of Russia A3 grade scrap for July/August shipment at $474 per tonne CFR- source: SBB
-         Tokyo steel lifted scrap buying price by $6-12.5 per tonne – source:SBB
-         Saudi Arabian domestic scrap prices remain unchanged at $264 per tonne – source: SBB
Bar
-         China's rebar price fell by 20-80 Yuan per tonne ($3-12) – source: MB
Hot rolled coil prices
-         Domestic HRC offer prices in Europe slide to Euro 550-555 per tonne, down by Euro 10-20 per tonne – source: MB
-Â Â Â Â Â Â Â Â Â POSCO increased domestic price for HRC, CRC and heavy plate by 16-18%- source: Yieh
-Â Â Â Â Â Â Â Â Â Taiwan's Chung Hung Steel cut HRC, CRC price by NTD 1,600-1,700 for June delivery- source: Yieh
