- The steepest decline this week was seen in Turkish ship scrap prices. Melting scrap from shipbreaking is now being offered to mills in western Turkey at $340-345/metric ton delivered to mill, up to $10/mt lower than last week, according to the Ship Recyclers' Association (Gemisander) – source: SBB
- Turkish billet prices have been increased to $510-520/mt FOB northern and southern Turkey from $505- 510/mt FOB Turkish ports last week, factoring in the latest scrap offer hikes – source: SBB
- The London Metal Exchange’s three-month steel billet contract prices fell to $150-160 per tonne on Tuesday June 11, from $155-165 per tonne on Monday – source: MB
- One Thailand mill who buying billet from Singapore trader, the new dealing price is US$50/MT (CFR) which has decreased US$10~15/MT than the previous offer by US$530~535/MT (CFR) – source: Yieh
- Turkish rebar prices headed up $5-10/metric ton on Wednesday to around $565-570/mt FOB. However, prices were depending on the port, as mills reacted to stronger valuations by US scrap merchants for end-July shipments, market participants told Platts.
- India’s transaction prices for IS 2062 grade A/B structural HRC, 3mm thick and above, presently average Rupees 33,750-34,250/metric ton ($581-590/mt), mostly unchanged since March – source: SBB
- Offers for boron-added SAE 1006 2mm base thickness HRC from China were last week at $515-525/mt CFR to Vietnam – source: SBB
- Minimum prices for commercial- and structural-quality HRC from Russia will drop to $549.20 per tonne from $578.33 in the April 1-June 30 period – source: MB