Steel price report as of November 12, 2010, 2010

Posted on 12 November 2010
 

Scrap

-          US H1 scrap in Pittsburgh, Chicago and Philadelphia at 336.17 USD per long ton, up by 13.34 USD per long ton – source: Yieh

Semi-finished steel prices

-          CIS slab export price (FOB Black Sea) at 500-530 USD per tonne for November , and is predicted to increase to 510-540 USD per tonne – source: SBB

Bar prices

-          China' s Shagang raised rebar price by RMB400 ($60) to RMB 4,750 per tonne with VAT ($717) for 16-25 mm HRB 335 rebar – source: SBB

-          China's Hebei Iron & Steel (Hegang) increased price by RMB 200 to RMB 4,480 per tonne, with VAT for 16-25mm HRB 335 – source: SBB

-          UK rebar mills increase rebar price by 20 Pound per tonne to 410 pound per tonne. Import price from Turkey and Spain up to 420-425 pound per tonne – source: SBB

-          Turkish domestic rebar price up by $14-21 to 714-721 USD per tonne, including 18% VAT – source: SBB

Hot rolled coil prices

-          China offers higher export price of boron-added HRC at 590-625 USD per tonne FOB – source: SBB

 



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