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Semis prices remain at a 2017 peak

Semis prices remain at a 2017 peak (Sept. 5, 2017)

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Semi-finished products prices continued to remain firm last week, having reached their annual peak supported by strong scrap and iron ore prices.

According to Kallanish, billet stabilised at some $500-510/t FOB Black Sea since mid-August, as the high scrap levels pushed Turkish mills to increasingly order billets as a substitute raw material to feed their rolling lines. The current level is over $180/t above the transaction prices recorded at the end of August last year, while at it also remains over $60/t above the previous record registered in May last year. 

Latest prices

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Billet / CIS-Black Sea FOB USD/t 0.0%
Billet / Tangshan Ex-Works CNY/t 0.0%
KORE 62% Fe / Qingdao CFR USD/t -0.09%
Wire Rod / China FOB USD/t 0.0%
Shredded Scrap / Turkey / CFR USD/t 0.0%
Heavy Scrap / China / CNY/t 0.0%
HMS 1&2 80:20 / Turkey CFR USD/t 0.0%
KORE 65% Fe / Qingdao CFR USD/t -0.12%
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Welded Pipe (S235) / Turkey FOB USD/t -1.0%
Wire Rod / N Europe / Ex-Works EUR/t 0.0%
Rebar / Turkey / ex-Works / $/t / excl. VAT -0.8%
Rebar / Turkey FOB USD/t 0.0%
Wire Rod / SE Asia CFR USD/t 2.0%
E40 Shredded Scrap / India / CFR USD/t -1.0%
HRC / Turkey CFR USD/t 2.0%
Rebar / Italy Ex-Works EUR/t 1.0%
HMS 80:20 Scrap (West Africa origin) / India / CFR USD/t 0.0%
HRC / Turkey Ex-Works USD/t -0.0%
Billet / Italy Ex-Works EUR/t 0.0%
Rebar / Singapore CFR USD/t 1.0%
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