Steel price report as of October 14, 2010

Posted on 14 October 2010
 

Scrap

-          HMS 1&2 (80:20 mix) in Turkey at 360 USD per tonne CFR – source: MB

Semi-finished steel prices

-          Turkey's billet price for October down $20 to 522 USD per tonne exw – source: MB

Bar prices

-          US rebar price unchanged at 630 – 650 USD per short ton FOB – source: SBB

Hot rolled coil prices

-          Krakatau Steel HRC up to 874-897 USD per tonne – source: MB

-          HRC offer price from Egypt, India and China unchanged at EU port at 726-740 USD per tonne CFR – source: MB

-          Indian HRC down $17 to Rs34,500 -34,750 per tonne, include tax – source: MB

-          Taiwan's SPHC –grade HRC for December will increase to TWD21,536 per tonne (698 USD) – source: SBB

-          US's HRC is predicted to drop to 500 USD per tonne soon – source: SBB



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