Steel price report as of January 14, 2011

Posted on 14 January 2011
 

Scrap

-          Italy's E8 new arisings were purchased at Euro 390-410 per tonne. E40 shredded rose to Euro 380-400 per tonne, E3 demolition material up by Euro60 to Euro 360-390 per tonne  – source: MB

Semi-finished steel prices

-          Slab prices from Russia and Ukraine rose by $80 to 630 USD per tonne FOB Black Sea – source: SBB

-          Brazilian slab offers up to 680 USD per tonne FOB – source: SBB

-          Russian and Ukrainian traders offer billet at 635-670 USD per tonne FOB Black Sea – source: SBB

Bar

-          Russian and Ukrainian traders offer rebar at 680-700 USD per tonne FOB – source: SBB

-          Shanghai rebar price is touching 4,900 Yuan per tonne. Grade III rebar of 16-25 mm diameter traded at 4,680-4,860 Yuan per tonne – source: MB

-          Turkish rebar export prices up to 715-720 USD per tonne FOB for January production and delivery – source: MB

-          China's Shandon HRB355B deformed steel bar price rose to 670 USD per tonne FOB – source: Yieh

 

Hot rolled coil prices

-          Chinese offers of SS400 commercial grade 3mm thick HRC at 720 USD per tonne CFR for shipments in end-March and April arrivals – source: SBB

-          Indian offers of HRC rose to 680-690 USD per tonne CFR –source: SBB

-          Shanghai commercial grade HRC of 5-12 mm thickness rose 10 Yuan to 4,610-4,640 Yuan per tonne – source: MB

-          CSC announced a new price hike of NTD 973 per tonne for HRC for March period – source: Yieh



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