Steel price report as of October 29, 2010

Posted on 29 October 2010
 

Scrap

-          Scrap price to Southeast Asia and Taiwan up by $10. Composite 80:20 HMS 1&2 and shredded scrap price at 410 USD per tonne CFR, 400 USD per tonne is to Vietnam- source: SBB

-          Containerized 80:20 HMS 1&2 at 390-400 USD per tonne CFR Vietnam – source: SBB

-          Containerized 80:20 up by $5-10 per tonne to 380-390 USD per tonne CFR to Malaysia/ Singapore – source: SBB

-          US current 80:20 scrap deal price to Taiwan at 375 USD per tonne; the next quote will increase by 10% to 385-390 USD per tonne – source: Yieh

Semi-finished steel prices

-          Chinese domestic billet price of 150mm diameter up 48 Yuan per tonne to 3,950 Yuan ($590) per tonne – source: MB

Bar prices

-          Southern Europe's merchant bar prices down by Euro 20-40 to 490-500 Euro per tonne – source: SBB

Hot rolled coil prices

-          Japanese Q4 HRC is ready to agree to prices in the high 600 USD per tonne, such as 670-690 USD per tonne FOB – source: SBB

-          Europe HRC base price down to 510-530 Euro per tonne –source: SBB

 



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