Page 64 from: Out now: issue 5!
day period and seasonal heavy rains in
the country.
At the start of August, imported prices
of HMS I/II 80/20 were US$ 265-275
per tonne but week-on-week falls saw
prices decline to US$ 250-265 per
tonne by the end of the month, follow-
ing the trend of the weak Turkish mar-
ket. During September, prices moved
down still further with many in the mar-
ket not wanting to trade due to the
decline of the international markets.
Prices started the month at US$ 245-
260 per tonne for HMS I/II 80/20 but,
at the time of writing, had lowered fur-
ther to US$ 240-255 per tonne.
In Taiwan, prices started August at US$
Ferrous Scrap Prices Reference date: September 30, 2019
USa domestic Scrap Prices* (US$/GRT)
HMS 1 heavy steel scrap (1/4 Inch) composite price delivered at mills
USa Export Prices* (US$/GRT)
HMS 1, heavy steel scrap (1/4 Inch)
Composite Sales Price
ex Yard in Germany** (€/t)
E3/European Standard Quality No. 3, heavy old steel scrap (>6mm)
CFR Prices for shipments
from EU to Turkey (US$/t)
HMS 80/20 heavy steel scrap
– Highest price
– Lowest price
– Fob East Coast price
– Fob West Coast price
S O N D J F M A M J J A S
330 322 340 340 310 300 320 305 272 247 242 260 225
330
322
340 340
310
300
320
305
272
247
260
225
150
200
250
300
350
S O N D J F M A M J J A S
S O N D J F M A M J J A S
295 302 298 265 272 290 304 290 282 272 278 260 272
320 325 315 295 283 315 317 310 290 280 273 222 245
295
302
298
265 272
290
304
290
282
272
278
260
272
320
325
315
295
283
315
317
310
290
280
222 245
200
250
300
350
400
S O N D J F M A M J J A S
S O N D J F M A M J J A S
310 315 320 283 273 279 309 303 282 279 292 270 228
320 325 337 303 283 325 317 310 310 298 300 275 250
310
315 320
283
273
279
309
303
282 279
270
228
320
325
337
303
283
325
317
310 310
298
275
250
200
250
300
350
S O N D J F M A M J J A S
S O N D J F M A M J J A S
248,8 251,2 255,4 255,6 238 249,3 253,3 252,8 242,4 236 231,1 231,3 203,9
248,8 251,2
255,4
255,6
238
249,3
253,3
252,8
242,4
236
231,1 231,3
203,9
150
200
250
300
350
S O N D J F M A M J J A S
285 for HMS I/II 80/20 but fell to US$
260 per tonne at the month close, with
purchasing of material slowing to
reflect lower demand. With the expec-
tation of prices falling further in line
with the global trend, September con-
tinued the descent with reports of US$
235 per tonne at the time of writing.
wORLd STEEL In nUMBERS
During July, the 64 countries reporting
to the World Steel Association pro-
duced 156.7 million tonnes of crude
steel, a 1.7% increase compared to
July 2018 but down from 159.0 million
tonnes the previous month.
China reported a 5.0% year-on-year
increase at 85.2 million tonnes while
India produced 9.2 million tonnes,
(1.7%+), Japan 8.4 million tonnes,
(-0.4%) and South Korea 6.0 million
tonnes, (-2.1%). The US produced 7.5
million tonnes of crude steel in July
2019, a year-on-year increase of 1.8%.
Brazil reported just 2.4 million tonnes,
a slump of 20.7% while Turkey pro-
duced 2.9 million tonnes, down 10.6%
year-on-year. Ukraine reported a dip of
1.7% of 1.8 million tonnes over the
same period.
COMPETInG COMMOdITIES
China’s iron ore imports totalled 91.02
million tonnes in July, according to
market analysis
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