Steel price report as of October 21, 2010

Posted on 21 October 2010
 

Scrap

-          Italy's domestic scrap prices for grade E3 (heavy melting scrap) is 220-230 Euro per tonne, for E40 (shredded) is 250-260 Euro per tonne, for E8 (new arising) is 280 – 290 Euro per tonne – source: SBB

-          E3 scrap from the Balkan region to Thessaloniki port down to 230 -235 Euro per tonne CFR – source: SBB

Semi-finished steel prices

-          Hyundai is offering billet at 560-570 USD per tonne FOB to southeast Asia for late October and November deliveries; offer of billet price from other billet producers at 540-550 USD per tonne FOB - source: SBB

Bar prices

-          Domestic rebar price in Greek is 500-530 Euro per tonne- source: SBB

-          Europe rebar price down to 582-596 Euro per tonne for small tonnages – source: MB

Hot rolled coil prices

-          Domestic HRC price in China down $6-9; Shanghai Q235 5.5mm at 4,150-4,170 RMB (624-627 USD) per tonne including VAT; Lecong Steel down to 4,250 RMB per tonne including VAT- source: SBB

-          Indian HRC price down $11 to 33,500 – 34,000 Rs per tonne including taxes – source: MB



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