Steel price report as of June 9, 2011

Posted on 09 June 2011
 

Scrap

-          A booking for 1,000 tonnes of containerized HMS2 from South Africa at $465 per tonne CFR, a booking of containerized HMS1 from the Middle East at $470 per tonne CFR – source: SBB

-          Scrap offer for HMS 1&2 (80:20mix) in containers from Caribbean, Africa, Europe and US to SE. Asia were at $470-490 per tonne CFR, up from $465-475 per tonne CFR three weeks ago – source: MB

Semis

-          Korean mills are now seeking to export billet at $655-660 FOB – source: SBB

-          Malaysian mills are selling billet at $670 per tonne FOB – source: SBB

-          Indonesian domestic prices of induction furnace billet rose by $11 per tonne – source: SBB

Bar

-          Shanghai traders are now offering Ma-anshan Iron & Steel (Magang) sourced 50x50x5 mm angles at $750-752 per tonne, with 17% VAT, up by RMB 10-20 per tonne – source: SBB

Hot rolled coil prices

-          Metal Bulletin's price of CIS export HRC reported on 6 June 2011 at $665-715 per tonne FOB Black Sea – source: MB

 

 



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