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Monday Market Monitor - Scrap (WEEK 29) - Mixed signals
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Monday, 20 Jul 2009
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A. Turkey
It is reported that HMS scrap export prices to Turkey from US are currently at USD 280 per tonne to USD 290 per tonne CFR Turkish port, unchanged since last week.

Turkish Import

Change%
00%


Change is on July 17th 2009 as compared to July 10th 2009
In USD per tonne
CNF Turkey

B. Europe

Rotterdam export

Change%
-5-3%


Change is on July 17th 2009 as compared to July 10th 2009
USD per tonne
FOB Rotterdam

C. India
Indian domestic scarp prices continued to weaken on sliding long product prices or vice versa. The low levels of prices and demand for alternate input material sponge iron is further driving down domestic scrap prices in India.

However, import offers continued to be at about USD 300 per tonne to USD 310 per tonne CFR India levels with scant levels of transactions.

Indian domestic

LocationChange%
Chennai-500-3%
Kandla890%
Mumbai-400-3%
Mandi-277-2%
Kolkata-444-3%
Kanpur-977-6%
Rudrapur-1066-7%
Hyderabad-831-5%


Change is on July 17th 2009 as compared to July 10th 2009
Change is in INR per tonne

D. China
Chinese domestic prices of steel scrap have continued to increase f in line with rising domestic steel prices. It is reported that Chinese mills have become aggressive in imports as well

China domestic

LocationChange%
Acheng00%
Anyang00%
Beijing00%
Benxi00%
Chongqing502%
Dalian00%
Guangzhou00%
Hefei00%
Jiangyin1004%
Jinan502%
Kunming502%
Laiwu00%
Lanzhou502%
Lingyuan502%
Liupanshui00%
Loudi00%
Tangshan502%
Tianjin602%
Tonghua00%
Wuhan00%
Wuyang00%
Zhangjiagang00%


Change is on July 17th 2009 as compared to July 10th 2009
In CNY per tonne inclusive of VAT

E. Asia
It is reported that scrap export prices to Far Eastern ports from US are currently at USD 305 per tonne to USD 315 per tonne on CFR basis, up by USD 10 per tonne to USD 15 per tonne over previous week.

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(Sourced from www.steelprices-europe.com)

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