The price changes for some of the products FOB Black Sea proved again that steel market is quite strange.
Despite of lack of buying activity, producers tried to increase billet prices by USD 10 per tonne to USD 15 per tonne. But it is not clear how market will accept the raise. We understood the reaction is expected not before this week. For finished longs, similar trend was seen but the increase is more likely to be accepted by buyers.
Once again producers are trying to push prices for flat products up. It is learnt that that Russians have started to propose higher offers for both HR and CR to Turkey buyers for October rolling. But the increase is likely to stick more for CR.
| Item | Grade | Size | Change |
| Billets | 3-5 sp/ps | 125-150 | 0 |
| Rebars | A300C-A500C | 12-32 mm | 10 |
| Wire rod | mesh | 5.5-6.5 mm | 10 |
| HRC | ST1-ST3 kp/sp/ps | 2-8 mm | 0 |
| HRC | ST1-ST3 kp/sp/ps (Russian) | 2-8 mm | 0 |
| Plates | A36 | 8-30 mm | 0 |
| CRC | 08 kp (Ukrainian origin) | 0.5-1.5 mm | 0 |
| CRC | Russian origin | 0.5-1.5 mm | 20 |
Change is on September 11th as compared to September 4th 2009
Change is in USD per tonne
Delivery FOB Black sea
To know exact prevailing FOB prices at Black Sea, China, India, Turkey and Europe, as they change, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com with contact details. Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
