Steel price report as of August 14, 2012

Posted on 14 August 2012
 

Scrap

-          US’s domestic scrap prices surged by $80 per long ton in Midwestern American and by $30-50 per long ton in Eastern America HMS 80:20 (1&2) to Turkey at $415 per tonne CFR – source: Yieh

Semis

-          CIS-origin billet price is at $535-540 per tonne, down from $530-550 per tonne – source: MB

Bar

-          Nucor announced a net increase of $50 per ton for merchant bar and structural products – source: MB

-          S. European rebar producers offering at Euro 505-510 per tonne FOB for September products while sales achieved at Euro 500-505 per tonne last week – source: SBB

-          Major Chinese mills retain rebar prices. Hegang’s prices for 18-25mm diameter HRB 335 rebar at RMB 3,710 ($583) per tonne, with 17% VAT – source: SBB

HRC

-          Baosteel cut HRC price by 100 Yuan ($16) per tonne. China’s domestic commercial-grade HRC prices were in the range 3,580-3,670 Yuan on Monday 13, August – source: MB

-          CIS HRC price stable at $550 per tonne FOB Black Sea – source: MB

 



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