News Room - Steel Prices

Posted on 26 Oct 2010

Steel price report as of October 26, 2010

Scrap

-          US-origin 80:20 scrap prices to Taiwan are prevailing at 370-375 USD per tonne CFR – source: SBB

-          Offer of 80:20 containerized scrap price to Malaysia and Singapore are prevailing at 375-380 USD per tonne – source: SBB

-          Australian- origin 80:20 in container at 380 USD per tonne CFR to Vietnam – source: SBB

-          Japanese – origin H1/H2 grade scrap to China at 392 USD per tonne CFR – source: SBB

Semi-finished steel prices

-          CIS billet export price up $20 for November production at 530-540 USD per tonne FOB Black sea – source: MB

Bar prices

-          Beijing offer 16-25 mm HRB335 up to 4,180-4,200 Yuan per tonne – source: SBB

-          Shanghai offer 16-25 mm HRB335 up to 4,170-4,190 Yuan per tonne – source: SBB

-          CIS rebar price unchanged at 560-570 USD per tonne FOB Black Sea for November production – source: MB

-          Hebei Iron & Steel Group cut rebar price by 180 Yuan per tonne to 4,370 Yuan per tonne- source: Reuters,

-          Taiwan's rebar price unchanged at 18,400 NTD per tonne (602 USD per tonne) – source: Yieh

Hot rolled coil prices

-          Indonesia's domestic HRC price down to 7,650 – 7,700 Rupiah per kg (854-859 USD per tonne) – source: MB