Steel scrap prices continued to move down last week in most of the important markets. But despite lower offers, most of the buyers were hesitant in buying expecting prices to come down further.
Offers are reported to have come below USD 350 per tonne CFR for HMS 80:20 as well as shredded
FOB Rotterdam
| Change |
| -2% |
Change is on February 5th 2010 as compared to January 29th 2009
Indian domestic
| Location | Change |
| Chennai | -500 |
| Hyderabad | -1500 |
| Kandla | 100 |
| Kanpur | -711 |
| Kolkata | 0 |
| Mandi | -277 |
| Mumbai | 200 |
| Rudrapur | -888 |
Change is on February 5th 2010 as compared to January 29th 2009
Change is in INR per tonne
Chinese domestic
| Location | CNY | USD |
| Acheng | 0 | 0 |
| Anyang | 0 | 0 |
| Beijing | 0 | 0 |
| Benxi | 0 | 0 |
| Chongqing | 0 | 0 |
| Dalian | -20 | -3 |
| Guangzhou | -43 | -6 |
| Hefei | -21 | -3 |
| Jiangyin | -51 | -7 |
| Jinan | 0 | 0 |
| Kunming | 0 | 0 |
| Laiwu | 0 | 0 |
| Lanzhou | 0 | 0 |
| Lingyuan | 0 | 0 |
| Liupanshui | 0 | 0 |
| Loudi | 79 | 12 |
| Tangshan | -20 | -3 |
| Tianjin | 0 | 0 |
| Tonghua | 0 | 0 |
| Wuhan | 0 | 0 |
| Wuyang | -54 | -8 |
| Zhangjiagang | -30 | -4 |
Change is on February 5th 2010 as compared to January 29th 2009
Change is per tonne
To keep tab on steel prices in Europe, subscribe to services of www.steelprices-europe.com by registering or sending a mail to admin@steelprices-europe.com with full contact details. Please note that this is a paid service with subscription charges of EUR 500 for 12 months.
(Sourced from www.steelprices-europe.com)
