Steel price report as of October 26, 2012

Posted on 26 October 2012

China Steel Prices


-          China?ˉs prices for 2.75mm HRC and 1.0mm CRC dropped by RMB 2 per tonne to RMB 3,914 per tonne and RMB 4,561 per tonne respectively ¨C source: Steelhome

-          China?ˉs Prices for 8mm medium plate also edge lower at RMB 3,979 per tonne, down RMB 2 per tonne ¨C source: Steelhome


-          China?ˉs prices for 6.5mm high speed wire declined by RMB 3 per tonne to RMB 3,822 per tonne, while 20mm rebar continued to increase to RMB 3,820 per tonne ¨C source: Steelhome


Steel Prices in other countries


-          Japan?ˉs Tokyo Steel announced to cut the scrap purchasing prices by £¤500~£¤1000/ton to £¤21,500~£¤23,000/ton ¨C source: Yieh

-          Metal Bulletin?ˉs ferrous scrap index on an HMS 1&2 (80:20) basis was $375.08 per tonne cfr Iskenderun on October 25, up by 2% from $367.70 in the previous week ¨C source: MB


-          Some Russian-origin coil-making slab for December shipment was heard booked this week at $460/mt cfr to East Asia ¨C source: SBB

-          Japanese slab was offered officially at $480-490/mt cfr Northeast Asia ¨C source: SBB


-          Turkish rebar increased export prices by $10-15 over the past week to $580-595 per tonne fob ¨C source: MB

-          Turkish prices for the long product, which includes flat bar, angles and channels, were unchanged on the week at $625-645 per tonne fob ¨C source: MB


-          Taiwan?ˉs Chung Hung Steel announced its domestic prices for hot rolled steel at NT$17,500~NT$18,500/ton ¨C source: Yieh

-          Indian transaction levels for IS 2062 grade A/B structural HRC, 3mm thick and above, presently average Rs 32,500-33,500/tonne ($607-626/t) ex-works, equivalent to an import parity level of $565-582/t with a 7.5% import tariff - source: SBB

-          The latest HRC import prices to Turkey are $520-555 per tonne cfr Turkey for November production and shipment, unchanged from last week ¨C source: MB

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