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Kallanish Steel Weekly: Raw material prices rise again

Kallanish Steel Weekly: Raw material prices rise again (Feb. 13, 2018)

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Last week raw material prices gave a clear sign that the global market remains in good shape, as both iron ore in China and scrap values in Turkey moved upwards. Iron ore began the week at slightly above $75/tonne cfr Qingdao only to move up to over $76/t cfr Qingdao by Friday. Last year in February the market reached its annual peak at above $92/t cfr Qingdao. The current recovery trend in the market is indicating that sentiment remains strong and that higher prices could be achieved towards the end of the month.

Latest prices

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HMS 80:20 Scrap (West Africa origin) / India / CFR USD/t 3.0%
Rebar / Singapore CFR USD/t 1.0%
Rebar / Turkey / ex-Works / $/t / excl. VAT -0.8%
HRC / Turkey Ex-Works USD/t -2.0%
HRC / Turkey FOB USD/t -0.0%
E40 Shredded Scrap / India / CFR USD/t 2.0%
E40 Shredded Scrap / Pakistan / CFR USD/t 4.0%
CRC / N America Ex-Works USD/s.ton -0.0%
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More Global Prices

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HRC / N America Ex-Works USD/s.ton 1.0%
E3 Demolition Scrap / Italy Delivered Basis EUR/t 0.0%
E1 Heavy Demolition Scrap / Italy Delivered Basis EUR/t 0.0%
Welded Pipe (S235) / Turkey FOB USD/t -1.0%
Wire Rod / N Europe / Ex-Works EUR/t -1.0%
Merchant Bar / Italy Ex-Works EUR/t 1.0%
Rebar / Italy Ex-Works EUR/t 0.0%
Wire Rod / Italy Ex-Works EUR/t -3.0%
Billet / Italy Ex-Works EUR/t 2.0%
Wire Rod / China FOB USD/t 0.0%
Heavy Scrap / China / CNY/t 0.0%
Billet / Manila CFR USD/t 2.0%
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