China Spot Steel Prices fall further
China's spot steel prices continued to descend on Thursday May 30 on poor sentiment amid a weak billet market.
Shanghai(ScrapMonster): China's spot steel prices continued to descend on Thursday May 30 on poor sentiment amid a weak billet market.
In Beijing, grade III rebar traded at 3,520-3,590 yuan ($569-580) per tonne, down 20 yuan ($3) per tonne from Wednesday. In Shanghai, the same product was sold at 3,230-3,310 ($522-535) yuan per tonne, also down 20 yuan ($3) per tonne for the day.
The price of billet in Tangshan accelerated its decline since last weekend, which hurt market confidence and slowed down trade in the semi-finished product. It was traded at 2,930 yuan ($474) per tonne on Thursday, down 10 yuan ($2) per tonne from Wednesday
Courtesy : metalbulletin.com
Scrap Metal Prices
Copper Scrap | ||
Alternator | 0.32 | $US/Lb |
#1 Copper Bare Bright | 3.67 | $US/Lb |
Aluminum Scrap | ||
356 Aluminum Wheels (Clean) | 0.72 | $US/Lb |
6061 Extrusions | 0.63 | $US/Lb |
Steel Scrap | ||
#1 Bundle | 460.00 | $US/MT |
#1 Busheling | 480.00 | $US/MT |
Electronics Scrap |