Steel price report as of October 11, 2010

Posted on 11 October 2010


-          China's domestic scrap price down, heavy melting scrap (>6mm thikness) at 445-460 USD per tonne on a delivered to mill basis with 17% VAT- source: SBB

-          Taiwan's imported scrap down $10 to 350-355 USD per tonne – source: Yieh

Semi-finished steel prices

-          CIS slab export price to Asia at 570-585 USD per tonne CFR for November shipment – source: SBB

Bar prices

-          Turkish merchant bar export price down to 630-640 USD per tonne FOB for October production and delivery – source: MB

-          Shanghai rebar at 640 USD per tonne, up 0.4% on the Shanghai Futures Exchange – source: MB

Hot rolled coil prices

-          Turkish HRC down $10 to 630-660 USD per tonne ex-works – source: MB

-          Shanghai domestic HRC price up 0.6% to 4,293 Yuan per tonne – source: MB

-          China will reduce HRC export price after October long holiday to 630-640 USD per tonne for Asian market – source: Yieh

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