Steel price report as of February 2, 2011

Posted on 02 February 2011


-          Scrap deliveries CFR Nhava Sheva are at 480 USD per tonne, down from offers quoted at 495 USD per tonne on Friday – source: MB

-          US domestic shredded scrap price at 474 USD a long ton, down $3 per long ton – source: SBB


-          Middle Eastern rebar prices ranked at 700-710 USD per tonne CF main gulf port- source: MB

-          Taiwan's rebar producers, Feng Hsin's ex-works list price for medium-sized SD280 rebar was at TWD 21,300 and Hai Kwang Enterprise Corp's at TWD 20,800 per tonne – source: SBB

Hot rolled coil prices

-          Indian HRC prices up towards 800 USD per tonne ex-works for 760-765 USD per tonne – source: SBB

-          Chinese domestic HRC prices are unchanged during Chinese New Year Q235 5.5mm HRC is offered at RMB 4,780 ($724) per tonne with 17% VAT in Shanghai and RMB 4,800 with VAT in Lecong – source: SBB

-          Korea's HRC price remained at KRW 900,000 per tonne – source: SBB

-          Middle Eastern import HRC price up to 800-820 USD per tonne CFR – source: MB


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