News Room - Steel Prices

Posted on 29 Nov 2010

Steel price report as of November 29, 2010

Scrap

-          China's domesic steel scrap price remained stable at 472 USD per tonne with 17% VAT since 9 November for heavy melting scrap (>6mm) –source: SBB

-          Turkish import scrap rose $9 to 399 USD per tonne – source: SBB

-          Japan's H2 scrap price at 349 USD per tonne – source: Yieh

Semi-finished steel prices

-          CIS billet offer is 560-565 USD per tonne FOB Black Sea for December – source: MB

-          Turkey sold billet at 570-580 USD per tonne FOB for December (mainly to Singapore) – source: MB

-          Metal Bulletin weekly price reported slab at 510-520 USD per tonne FOB for CIS export price Black SEA

Bar prices

-          Imported rebar price to Singapore from Turkey rose to 640-650 USD per tonne CFR, from Taiwan to 650 USD per tonne CFR, from China to 625-630 USD per tonne FOB (650-655 USD per tonne CFR) – source: SBB

-          Local rebar price in Thailand increased to 653 USD per tonne, starting from 24 November – source: SBB

-          Russian domestic 12-25mm rebar price is at 738-770 USD per tonne ex-warehouse, 18% VAT included – source: SBB

-          Taiwan rebar price up to NTD 18,800 – 18,900 USD per tonne – source: Yieh

Hot rolled coil prices

-          Russian and Ukrainian steelmakers offered HRC at 600-620 USD per tonne CFR – source: MB