Steel price report as of October 20, 2010

Posted on 20 October 2010
 

Scrap

-          India's HMS 1&2 down to 370-380 USD per tonne CFR Nhava Sheva, shredded scrap down to 390 USD per tonne CFR – source: MB

-          China-origin HRC with boron to Korea at 600-610 USD per tonne FOB, non-boron at 670-680 USD per tonne FOB – source: SBB

-          Hyundai Steel purchased H1 scrap from US at 389 USD per tonne, down $20 – source: Yieh

-          Taiwan's steel mills purchased H2 scrap from Japan at 375 USD per tonne – source: Yieh

Semi-finished steel prices

-          Square billet from CIS to Taiwan will increase to 530 USD per tonne – source: Yieh

Bar prices

-          Taiwan's rebar up $6 per tonne, Feng Hsin price for medium sized SD280 rebar is TWD 18,900 per tonne ($613) – source: SBB

-          CIS rebar offer price is 570-580 USD per tonne FOB black sea – source: MB

-          Turkish export price sold at 570-580 USD per tonne- source: MB

Hot rolled coil prices

-          China's SS400B HRC offer price to East Asian up to 600 USD per tonne FOB, offer price of re-rolling grade SEA 1006 2mm coil from Taiwan and Korea prevailing at 630-640 USD per tonne FOB – source: SBB

-          Philippines is booking commercial HRC at 610-620 USD per tonne CFR – source: SBB

-          Vietnam bids for commercial HRC at 590 USD per tonne CFR –source: SBB

-          China's Shougang announced HRC for November , Q235 HRC 5.5 mm x 1500 mm at 587 USD per tonne- source: Yieh



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