Steel price report as of January 26, 2011

Posted on 26 January 2011
 

Scrap

-          Taiwan's Feng Hsin Iron & Steel reduced its domestic purchase price of heavy melting scrap by $7 to 471-505 per tonne – source: SBB

-          Bulk offers of 80:20 scrap are stable at 510-520 USD per tonne CFR SE Asia – source: SBB

-          Scrap prices in Spain are expected to decrease by 20 Euro per tonne to 320-340 Euro per tonne ($437-464) for shredded scrap – source: SBB

-          Offers of HMS 1&2 (80:20 mix) in containers into SE Asia fell from 500 USD per tonne CFR to 480-490 USD per tonne CFR – source: MB

Semi-finished steel prices

-          LME Steel billet price fell to 551.5 USD per tonne on Monday from 553 USD per tonne on Friday – source: MB

-          Billet offers into SE Asia were unchanged. Bookings were at 650-660 USD per tonne CFR, narrowing from 64—660 USD per tonne CFR last week – source: MB

Bar

-          Taiwan's Feng Hsin Iron & Steel and Hai Kwang Enterprise Corp. reduced their domestic rebar price (medium-sized SD280) to TWD 21,300 ($734) and TWD 20,800 ($717), respectively – source: SBB

Hot rolled coil prices

-          POSCO lifted its HRC export price to Japan by 4,000 Yen per tonne to 66,000 Yen per tonne ($801) FOB – source: SBB

-          Indonesian HRC prices rose by $77-99 to 7,700 Rupiah per Kg, excluding 10% goods and services taxes – source: MB



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