Steel price report as of June 7, 2011

Posted on 07 June 2011
 

Scrap

-          MB's daily ferrous scrap index cfr Iskenderun rose to $473.95 per tonne on an HMS 1&2 (80:20) – source: MB

-          Turkey's steel mills purchased 40,000 tonnes of shredded scrap at $478 C&F and HMS scrap 80:20 price at $473 per tonne C&F – source: Yieh

Semis

-          LME three-month billet offer remained $560-565 per tonne – source: MB

-          CIS slab offer is expected to maintain at $640-650 or to increase by $10-20 per tonne at most – source: SBB

Bar

-          Malaysian mill cut rebar price by RM50-100 ($17-33) per tonne to RM2,650 – 2,200 per tonne – source: MB

-          Rebar price in European market rose to Euro 510 per tonne FOB – source: Yieh

Hot rolled coil prices

-          Japanese HRC mills lower their prices from $1,000 per tonne to $950-990 FOB – source: SBB

-          US HRC prices fell by $11 per short ton – source:SBB

 

 



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