Steel price report as of February 7, 2011

Posted on 07 February 2011
 

Scrap

-          MB's daily scrap index calculated scrap price at 493.54 USD per tonne CFR Iskenderun on a HMS 1&2 (80:20 mix) – source: MB

-          US shredded scrap price declined by $18 per long ton to an average of 456 USD per long ton – source: SBB

-          Turkish scrap reference price fell $6 per tonnes to 490 USD per tonnes CFR Iskenderun port – source: SBB

-          Indian containerized shredded scrap import price lower to 475 USD per tonne CFR Nhava Sheva port – source: SBB

Semis

-          CIS Steelmakers raised slab export price by $50 per tonne to 650-685 USD per tonne FOB Black Sea – source: MB

-          Indian billet prices reduced to Rs 28,500 – 29,000 per tonne ex-works – source: MB

Hot rolled coil prices

-          Pakistan HRC is sold at PKR 72,000-83,000 ($834-961) including taxes ($301 per tonne) – source: SBB

-          Spanish HRC price at Euro 620-630 per tonne ($842-856) – source: SBB

 



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