CME spot price for Aug-12 contract rose by 0.2%. After three
days of flat prices, prices rise and closed at $641 per short ton. The Oct-12 is steady at $655 per short ton. Two price increases from virtually all US flats mills and a major increase in scrap prices in August are helping boost US domestic HDG and Galvalume coil spot prices also. US HDG prices rise for second consecutive week
Chinese HR Coil held its value last Friday, after Baosteel announce
price cut for sep-12. China holding prices in between $550 and $570 a ton.
India domestic HRC prices steady from last three months at
Rs.35800 ($640-645) a ton. ‘Primary producers are changing the discount
structure, not the prices. It’s good for market as selling prices are stable
from last 2-3 months’ said trader based in Delhi
Leave a Reply