Steel price report as of June 24, 2013

Posted on 24 June 2013
 

China’s Steel prices

Long steel prices

-       An eastern Chinese mill suggested that bids from buyers in Singapore had not changed much from the previous week, remaining at about $490-495/mt CFR – source: SBB

Flat steel prices

-       Commercial-grade hot rolled coil (4.5-12mm) in Shanghai traded at 3,440-3,460 yuan ($558-561) per tonne, down 10 yuan ($2) per tonne from Tuesday.: SBB

Steel Prices in other countries

Scrap

-          Melting scrap from shipbreaking is now offered to mills in western Turkey at $350-355/mt delivered to mill, up to $10/mt higher than last week – source: SBB

-          Japan’s H2 scrap export prices have dropped to 30,000~30,500/ton- Yieh

Semis

-          Cash prices for the semi-finished product also moved down, ending the week at $120-130 per tonne, compared with $125-145 per tonne a day earlier – source: MB

Bar

-          Rebar prices retreated in April and May from a February high of about $690 per ton ($34.50 per hundredweight), but appear to have struck bottom this month at around $645 per ton ($32.25 per cwt), with prices varying based on region and order size- source: MB

-          Prices for rebar exports from Spain, Portugal and Italy are now at €420-435 ($562-582) per tonne fob main Southern Europe port for July rolling, down from €425-450 last week – source: MB



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