1. Turkey - Buying to restart
Scrap is at a comfortably low level, there should be a bold return of Turkish buying in the scrap market.
| Change |
| -15 |
Change is on October 30th as compared to October 23rd 2009
In USD per tonne
2. China - To follow steel price pick up
Scrap
6-8mm
| Location | CNY |
| Acheng | 250 |
| Anyang | 170 |
| Beijing | 240 |
| Benxi | -100 |
| Chongqing | 0 |
| Dalian | 60 |
| Guangzhou | -100 |
| Hefei | -100 |
| Jiangyin | -100 |
| Jinan | 250 |
| Kunming | 200 |
| Laiwu | 0 |
| Lanzhou | 150 |
| Lingyuan | -120 |
| Liupanshui | -10 |
| Loudi | -250 |
| Tangshan | 200 |
| Tianjin | -310 |
| Tonghua | -300 |
| Wuhan | -20 |
| Wuyang | -140 |
| Zhangjiagang | 70 |
Change is on October 30th as compared to October 23rd 2009
3. India - Under pressure
Melting scrap
80:20
HMS
| Location | Change |
| Chennai | 0 |
| Kandla | 0 |
| Mumbai | -100 |
| Mandi | -554 |
| Kolkata | -277 |
| Kanpur | 0 |
| Rudrapur | 0 |
| Hyderabad | 300 |
Change is on October 30th as compared to October 23rd 2009
Change is in INR per tonne
There were hardly any buyers at USD 310 per tonne CFR levels in India as they expect prices to soften further
4. Rotterdam - No change
| Change | % |
| 0 | 0% |
Change is on October 30th as compared to October 23rd 2009
In EUR per tonne
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(Sourced from www.steelprices-europe.com)
