Hyundai Steel announced on Tuesday the firm increases long products export price by 40-50 per tonne from September. The price increases to CFR US$ 710 or around 60,800 yen for H-beam to Southeast Asia, US$ 720-730 for sheet pile to China and US$ 600 for concrete reinforcing steel bar to Singapore. The firm eyes additional price hike to cover higher raw materials cost when the cost increases more than US$ 100.
Turkish steel maker booked US ferrous scrap at CFR US$ 390 per tonne, which increased by US$ 35 from 2 weeks ago. Hyundai Steel expects scrap price could increase by US$ 20-30 until the end of August. Hyundai Steel forecasts scrap price will increase by US$ 60 to CFR US$ 420 to East Asia in August from July.| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Sep | ||||||
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | |
Japan Steel Scrap Composite Prices (Sangyo Press)
2024/11/21| H2 | NewCutting (PRESS) |
| 41300YEN (-) | 43200YEN (-) |
| 264.52US$ (-0.38) | 276.69US$ (-0.39) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS
