Steel price report as of November 8, 2010

Posted on 08 November 2010


-          US shredded scrap price to China's Shagang up to 411 USD per tonne CFR – source: SBB

-          Containerized 80:20 scrap from US to Taiwan at 390-395 USD per tonne CFR, to Vietnam at 400 USD per tonne CFR, to Indonesia at 390 USD per tonne CFR – source: SBB

-          Japan's domestic scrap price down due to the strengthen yen,  export contract prices with China and Taiwan are 352 USD per tonne FOB for H2 grade : soruce: SBB

Semi-finished steel prices

-          Billet price in northern China's Tangshan up to 612-615 USD per tonne for 150x150 mm Q235 billet, including 7% VAT and on a cash-payment basis; source: SBB

-          Vietnam's domestic billet price up to 590-595 USD per tonne, excluding VAT- source: SBB

-          CIS slab export price down to 510-520 USD per tonne FOB black sea for November- source: MB

Bar prices

-          Turkish domestic rebar price at 600-610 USD per tonne exw for November production and delivery – source: MB

-          China rebar price up 60-70 Yuan to 4,460-4,590 Yuan per tonne for grade III rebar- source: MB

-          China's Hebei Group  raised rebar price by 80 Yuan to 4,431 on average – source: Yieh

Hot rolled coil prices

-          Nippon Steel offered thin gauge (1.5mm) HRC to Sauidi at 690 USD per tonne CFR, up $10 – source: MB

-          Shanghai commercial 5-12 mm HRC up 70-80 Yuan  to 4,300 – 4,310 Yuan per tonne ($645-647) – source: MB


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