worldsteel crude steel production figures (’000...

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Monday 14 June 2010 | Metal Bulletin | 31

Apr 2010 Jan-Apr 2010 Jan-Apr 2009 2010/09 % changeAustria 632 2,251 1,501 50.0Belgium 660e 2,503 1,664 50.4Bulgaria 65e 257 221 16.5Czech Republic 476 1,796 1,329 35.1Finland 289 1,318 737 78.9France 1,449 5,188 3,757 38.1Germany 3,883 14,815 9,150 61.9Greece 165 548 646 -15.2Hungary 149 529 377 40.3Italy 2,352 8,803 6,434 36.8Luxembourg 245e 935 678 37.9Netherlands 541 2,076 1,272 63.3Poland 675e 2,510 1,926 30.3Romania 240e 1,002 746 34.4Slovakia 430 1,578 1,061 48.8Slovenia 50 195 135 44.0Spain 1,594 5,860 4,278 37.0Sweden 452 1,653 924 79.0United Kingdom 905 3,465 2,775 24.9Other EU (27) (e) 166e 673 557 20.9European Union (27) 15,418 57,956 40,167 44.3 Bosnia-Herzegovina 53 211 137 54.0Croatia 5e 20 8 155.5Macedonia 30e 81 97 -16.0Norway 45e 164 190 -13.9Serbia 61 416 204 104.0Switzerland 91 420 286 46.9Turkey 2,402 8,475 7,621 11.2Other Europe 2,687 9,787 8,542 14.6Belarus 217 865 906 -4.5Kazakhstan 307 1,178 1,198 -1.7Moldova 50 134 110 21.8Russia 5,640 21,370 17,236 24.0Ukraine 2,974 11,038 8,960 23.2Uzbekistan 60 232 230 0.9CIS 9,248 34,817 28,640 21.6Canada 1,100e 4,307 2,950 46.0Cuba 25e 93 73 27.0El Salvador 7e 26 11 136.4Guatemala 25e 94 35 172.5Mexico 1,420e 5,567 4,165 33.7Trinidad and Tobago 55e 208 104 99.1United States 6,814 26,403 15,783 67.3North America 9,446 36,697 23,121 58.7

Jan 2010 Jan-Apr 2010 Jan-Apr 2009 2010/09 % changeArgentina 428 1,589 1,079 47.3Brazil 2,707 10,674 6,730 58.6Chile 0e 164 322 -49.1Colombia 85e 316 363 -12.8Ecuador 20e 72 78 -8.0Paraguay 7e 25 15 64.5Peru 75e 288 205 40.7Uruguay 7e 26 13 101.6Venezuela 195e 739 1,633 -54.7South America 3,524 13,894 10,437 33.1Algeria 40e 150 204 -26.6Egypt 523 1,978 1,777 11.3Libya 70 264 385 -31.4Morocco 52 191 148 29.2South Africa 690e 2,750 2,184 25.9Zimbabwe 0e 0 0 0.0Africa 1,375 5,333 4,698 13.5Iran 1,033 3,914 3,903 0.3Qatar 165e 645 349 84.6Saudi Arabia 468 1,798 1,372 31.1Middle East 1,665 6,358 5,624 13.0China 55,403 213,865 170,589 25.4India 5,350e 21,649 19,692 9.9Japan 8,988 35,499 23,331 52.2South Korea 4,802 18,039 14,148 27.5Taiwan 3,100e 11,311 4,465 153.4Asia 77,644 300,363 232,224 29.3Australia 574 2,315 1,240 86.6New Zealand 73 284 256 10.8Oceania 647 2,599 1,497 73.6Total 66 countries 121,653 467,804 354,951 31.8

Source: World Steel Association (Worldsteel)

Key: e – estimated

Worldsteel crude steel production figures (’000 tonnes)

Exports in thousand tonnes Imports in thousand tonnes Jan-Apr Jan-Apr Jan-Apr % change Jan-Apr Jan-Apr Jan-Apr % change 2008 2009 2010 09 on 08 10 on 09 2008 2009 2010 09 on 08 10 on 09 Semis 81 179 132 121.0 -26.3 2,379 1,375 2,015 -42.2 46.5Long products 742 1,006 1,030 35.6 2.4 1,959 640 1,677 -67.3 162.0Flat products 5,233 4,193 5,531 -19.9 31.9 5,733 3,304 4,658 -42.4 41.0Tubes 544 337 528 -38.1 56.7 216 163 159 -24.5 -2.5TOTAL 6,600 5,715 7,221 -13.4 26.4 10,287 5,482 8,509 -46.7 55.2of which Carbon 5,776 5,133 6,357 -11.1 23.8 9,607 5,116 7,790 -46.7 52.3Stainless 314 250 391 -20.4 56.4 248 168 261 -32.3 55.4Electricals 178 118 176 -33.7 49.2 13 14 7 7.7 -50.0Coated sheet 1,537 1,069 1,597 -30.4 49.4 157 83 200 -47.1 141.0Hot rolled wide coil 1,483 1,289 1,591 -13.1 23.4 2,811 1,328 2,819 -52.8 112.3Iron ore - 5 38 660.0 16,301 12,351 18,271 -24.2 47.9Scrap 111 158 128 42.3 -19.0 2,208 1,968 3,036 -10.9 54.3

Source: ISSB – for more information please visit http://www.issb.co.uk

South Korea steel imports and exports 2008-10

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esDaily metal and steelLondon forward

“LME settlement prices. All prices per tonne, unless otherwise stated, in LME warehouse, EU duty, if any paid, for buyers account.”Year ago Jun 10 Jun 4 Jun 7 Jun 8 Jun 9 Jun 10Aluminium High Grade $1637.00-1638.00 LME Cash official 1915.00-1915.50 1828.00-1828.50 1850.00-1850.50 1910.50-1911.00 1905.00-1907.00 “unofficial” 1859.00-1861.00 1817.00-1819.00 1869.00-1870.00 1908.00-1909.00 1927.00-1928.001673.00-1673.50 LME 3 months official 1942.00-1943.00 1857.00-1858.00 1884.00-1885.00 1943.00-1945.00 1930.00-1931.00 “unofficial” 1890.00-1892.00 1850.00-1852.00 1901.00-1902.00 1937.00-1938.00 1959.00-1960.00 LME Tapo Notional Average Price(NAP) for June 2010 1943.38 1920.40 1908.75 1909.07 1908.81 LME stocks (tonnes) 4,525,100 4,517,225 4,510,900 4,503,325 4,496,725Aluminium Alloy (A380.1/DIN226/D12S) $1330.00-1335.00 LME Cash official 1810.00-1811.00 1750.00-1751.00 1780.00-1790.00 1820.00-1822.00 1805.00-1810.00 “unofficial” 1780.00-1790.00 1755.00-1765.00 1795.00-1805.00 1825.00-1835.00 1835.00-1845.001355.00-1365.00 LME 3 months official 1820.00-1830.00 1750.00-1760.00 1780.00-1790.00 1835.00-1845.00 1825.00-1835.00 “unofficial” 1785.00-1795.00 1760.00-1770.00 1800.00-1810.00 1830.00-1840.00 1840.00-1850.00 LME stocks (tonnes) 71,420 71,420 71,400 71,400 71,400N. American Special Aluminium Alloy1335.00-1345.00 LME Cash official 1875.00-1885.00 1770.00-1780.00 1800.00-1810.00 1875.00-1885.00 1840.00-1860.00 “unofficial” 1830.00-1840.00 1765.00-1775.00 1820.00-1830.00 1857.00-1867.00 1855.00-1865.001370.00-1380.00 LME 3 months official 1900.00-1910.00 1790.00-1800.00 1830.00-1840.00 1880.00-1890.00 1870.00-1890.00 “unofficial” 1855.00-1865.00 1790.00-1800.00 1850.00-1860.00 1885.00-1895.00 1880.00-1890.00 LME stocks (tonnes) 163,140 162,860 162,680 163,740 163,920Copper Grade A$5175.00-5180.00 LME Cash official 6449.00-6450.00 6156.00-6157.00 6090.50-6091.00 6295.00-6295.50 6290.00-6292.00 “unofficial” 6295.00-6300.00 6038.00-6048.00 6068.50-6073.50 6296.00-6301.00 6397.50-6402.505191.00-5192.00 LME 3 months official 6480.50-6481.00 6181.00-6181.50 6120.00-6125.00 6315.00-6315.50 6322.00-6325.00 “unofficial” 6325.00-6330.00 6070.00-6080.00 6100.00-6105.00 6325.00-6330.00 6425.00-6430.00 LME Tapo Notional Average Price(NAP) for June 2010 6597.63 6509.50 6439.75 6419.14 6403.25 LME stocks (tonnes) 470,750 469,850 468,175 466,400 465,000Lead $1744.00-1744.50 LME Cash official 1620.00-1621.00 1558.00-1558.50 1562.00-1562.50 1654.50-1655.00 1655.00-1655.50 “unofficial” 1600.50-1605.50 1530.00-1535.00 1565.00-1570.00 1635.00-1640.00 1677.00-1682.001765.00-1766.00 LME 3 months official 1650.00-1652.00 1580.00-1581.00 1580.00-1580.50 1673.00-1675.00 1675.00-1680.00 “unofficial” 1625.00-1630.00 1555.00-1560.00 1590.00-1595.00 1655.00-1660.00 1695.00-1700.00 LME stocks (tonnes) 192,650 192,225 192,950 192,375 192,825Nickel$15390-15395 LME Cash official 18275-18300 18000-18050 17950-17955 18775-18780 19100-19105 “unofficial” 18130-18180 17900-17925 18240-18265 19050-19100 19345-1939515400-15425 LME 3 months official 18350-18400 18125-18175 18005-18010 18875-18900 19150-19155 “unofficial” 18200-18250 17975-18000 18300-18325 19100-19150 19400-19450 LME stocks (tonnes) 135,402 135,486 135,168 134,646 133,794Tin $15845.00-15850.00 LME Cash official 17240.00-17245.00 16100.00-16150.00 15825.00-15830.00 16390.00-16395.00 16490.00-16500.00 “unofficial” 16415.00-16465.00 15690.00-15715.00 15890.00-15915.00 16305.00-16355.00 16650.00-16675.0015700.00-15725.00 LME 3 months official 17225.00-17250.00 15925.00-15950.00 15940.00-15945.00 16415.00-16420.00 16545.00-16550.00 “unofficial” 16475.00-16525.00 15750.00-15775.00 15950.00-15975.00 16350.00-16400.00 16700.00-16725.00 LME stocks (tonnes) 21,240 21,215 21,225 21,155 20,910Zinc Special High Grade $1607.00-1607.50 LME Cash official 1665.00-1665.50 1594.50-1595.00 1622.50-1623.00 1738.00-1738.50 1685.00-1685.50 “unofficial” 1639.00-1644.00 1570.00-1575.00 1659.00-1669.00 1733.00-1738.00 1724.00-1729.001629.00-1630.00 LME 3 months official 1693.50-1694.50 1617.00-1618.00 1654.50-1655.00 1767.00-1767.50 1724.00-1724.50 “unofficial” 1670.00-1675.00 1600.00-1605.00 1690.00-1700.00 1765.00-1770.00 1755.00-1760.00 LME stocks (tonnes) 616,600 616,100 616,325 617,425 617,125Cobalt min 99.3% LME Cash official 38000.00-40000.00 39150.00-40150.00 38200.00-40200.00 38000.00-38005.00 38000.00-39000.00 LME 3 months official 37500.00-39500.00 38700.00-39700.00 37700.00-39700.00 37250.00-37750.00 38000.00-39000.00 LME stocks (tonnes) 115 115 136 136 136Molybdenum $ LME Cash official 31500.00-33500.00 32000.00-33000.00 32200.00-33200.00 29200.00-30200.00 29200.00-31200.00 LME 3 months official 32000.00-34000.00 32500.00-33500.00 32500.00-33500.00 29500.00-30500.00 29500.00-31500.00 LME stocks (tonnes) 150 150 150 150 150Mediterranean Steel Billet345.00-355.00 LME Cash Official 439.00-440.00 410.00-420.00 424.00-425.00 420.50-421.50 419.00-420.00 “unofficial” 439.00-440.00 410.00-420.00 424.00-425.00 420.50-421.50 419.00-420.00350.00-360.00 LME 3 months official 435.00-445.00 420.00-430.00 425.00-435.00 425.00-440.00 418.00-420.00 “unofficial” 435.00-445.00 420.00-430.00 425.00-435.00 425.00-440.00 418.00-420.00 LME stocks (tonnes) 20,995 20,085 20,020 20,020 20,995Far East Steel Billet350.00-360.00 LME Cash official 439.00-440.00 410.00-420.00 424.00-425.00 420.50-421.50 419.00-420.00 “unofficial” 439.00-440.00 410.00-420.00 424.00-425.00 420.50-421.50 419.00-420.00350.00-360.00 LME 3 months official 435.00-445.00 420.00-430.00 425.00-435.00 425.00-440.00 418.00-420.00 “unofficial” 435.00-445.00 420.00-430.00 425.00-435.00 425.00-440.00 418.00-420.00 LME stocks (tonnes) 4,810 4,810 4,810 4,810 4,810Gold $/troy oz961.25 London morning 1203.50 1212.40 1248.00 1235.00 1220.00953.75 London afternoon 1203.50 1215.00 1246.00 1233.50 1217.50953.75 Handy/Harman 1203.50 1215.00 1246.00 1233.50 1217.50Silver per troy oz940.31/1539.00 London Spot pence/cents 1212.70/1776.00 1196.42/1736.00 1271.67/1834.00 1260.43/1827.00 1228.98/1798.001522.50 Handy/Harman cents 1760.00 1793.00 1839.00 1819.00 1843.00Palladium $/troy oz257.00 London morning 450.00 421.00 432.00 445.00 448.00261.50 London afternoon 440.00 423.00 428.00 453.00 450.00Platinum $/troy oz1270.00 London morning 1546.00 1495.00 1517.00 1530.00 1523.001267.00 London afternoon 1527.00 1500.00 1516.00 1537.00 1530.00

DubaiDubai Gold & Commodities Exchange settlement prices. All prices per tonne fca on truck Jebel Ali free zone duty-unpaid customs-cleared Jun 7 Jun 8 Jun 9 Jun 10Rebar $ July delivery 600.00 570.00 550.00 550.00 August delivery 610.00 580.00 560.00 560.00

Kuala Lumpur futuresYear ago Jun 10 Jun 4 Jun 7 Jun 8 Jun 9 Jun 10Tin $/tonne15,700 17,500 15,990 15,990 16,060 16,300

32 | Metal Bulletin | Monday 14 June 2010

Prices Pages.indd 32 11/06/2010 10:01:50

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LME & SHFE stocks (tonnes effective 9 June) Note:deliveries in and out for the week Jun 3 - 9Aluminium Delivered in Delivered out Total Ingots T Bars Sows Ingots T Bars Sows Ingots T Bars SowsAntwerp nil nil nil 4,575 2,150 2,425 79,625 34,125 400Hamburg nil nil nil nil nil nil 23,425 20,075 nilGenoa nil nil nil nil nil nil 12,000 nil nilTrieste nil nil nil nil nil nil 34,475 64,250 nilLeghorn nil nil nil nil nil nil 450 nil 900Nagoya nil nil nil nil nil nil nil nil nilBusan nil nil nil nil nil nil 47,525 31,525 17,425Gwangyang nil nil nil nil nil nil 57,625 68,350 nilIncheon nil nil nil nil nil nil 31,925 15,075 950Johor nil nil 100 375 nil nil 195,750 37,550 43,725Port Klang nil nil nil nil nil nil 5,550 10,000 nilRotterdam nil nil nil 3,100 1,600 1,625 262,575 297,850 84,700Vlissingen nil nil nil nil nil nil 8,200 54,050 nilSingapore 700 nil nil 375 nil 50 362,650 112,650 114,350Bilbao nil nil nil nil 450 nil 16,700 22,550 125Gothenburg nil nil nil nil nil nil nil nil 25Helsingborg nil nil nil nil nil nil nil 12,400 nilHull nil nil nil nil nil nil 14,950 13,475 nilLiverpool nil nil nil nil 475 525 14,725 23,900 8,450Tyne & Wear nil nil nil nil nil nil 25,900 87,075 5,250Baltimore nil nil nil 2,125 6,475 850 16,300 190,650 271,500Chicago nil nil nil 1,725 2,275 300 9,425 152,975 71,150Detroit nil 25 nil 50 3,600 3,525 24,525 524,325 388,450Long Beach nil nil nil nil nil nil 4,225 4,750 2,600Los Angeles nil nil nil nil nil nil 75 5,975 2,675Mobile nil nil nil nil nil nil 241,300 11,350 16,450New Orleans nil nil nil nil nil nil 96,800 17,575 12,825St Louis nil nil nil nil nil nil nil 925 nilToledo nil nil nil nil nil nil 1,650 5,225 54,375Total 700 25 100 12,325 17,025 9,300 1,588,350 1,818,650 1,096,325

Al.alloy (large sows) Delivered in Delivered out Total A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/JSAntwerp nil nil nil nil nil nil nil 1,100 nilRotterdam nil nil nil nil nil nil 200 640 nilVlissingen nil nil nil nil nil nil nil 160 nilSingapore nil nil nil nil nil nil 400 nil nilTotal nil nil nil nil nil nil 600 1,900 nilAlum.alloy Delivered in Delivered out Total A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/JSAntwerp nil nil nil nil nil nil nil 15,920 nilBremen nil nil nil nil nil nil 100 nil nilHamburg nil nil nil nil nil nil 60 nil nilGenoa nil nil nil nil nil nil 11,740 nil nilTrieste nil nil nil 80 nil nil 8,540 1,640 nilGwangyang nil nil nil nil nil nil nil nil nilIncheon nil nil nil nil nil nil nil nil nilJohor nil nil nil nil nil nil nil 3,280 nilRotterdam nil nil nil nil nil nil 760 6,740 nilVlissingen nil nil nil nil nil nil 340 12,640 nilSingapore nil nil nil nil nil nil 140 3,640 nilBilbao nil nil nil 80 nil nil 2,340 100 nilLiverpool nil nil nil nil nil nil 320 nil nilTotal nil nil nil 160 nil nil 24,340 43,960 nilNickel Delivered in Delivered out Total Cats Pellets Briqs Cats Pellets Briqs Cats Pellets BriqsAntwerp nil nil nil nil nil nil nil nil nilLeghorn nil nil nil nil nil nil nil nil nilTrieste nil nil nil nil nil nil nil nil nilGwangyang nil nil nil nil nil nil 492 nil nilRotterdam nil nil nil nil nil 6 6 nil 30Helsingborg nil nil nil nil nil nil nil nil nilSingapore nil nil nil 24 nil nil 168 nil 774Busan nil nil nil nil nil nil nil nil nilSt Louis nil nil nil nil nil nil nil nil nilTotal nil nil nil 24 nil 6 666 nil 804

Nickel full plate cats Delivered Delivered Total in outHamburg nil nil 1,104Busan nil 600 6,324Gwangyang 240 18 5,958Rotterdam 60 1,242 97,374Vlissingen nil nil nilSingapore 204 54 2,226Gothenburg nil nil 1,488Helsingborg nil nil 4,008Tyne & Wear nil 18 3,912Liverpool 12 132 4,416Baltimore nil nil nilTotal 516 2,064 126,810Copper Delivered Delivered Total in out cats cats catsAntwerp nil nil 750Hamburg nil nil 10,525Leghorn nil nil 6,325Trieste nil nil 1,050Busan nil 500 70,675Gwangyang nil nil 3,225Incheon nil nil 5,650Johor nil nil 3,925Port Klang nil nil 1,000Rotterdam 500 1,300 27,000Vlissingen nil nil nilSingapore nil 475 12,000Barcelona nil nil nilBilbao nil 1,075 11,200Dubai nil nil nilLiverpool nil 475 2,575Baltimore nil nil nilChicago nil 50 31,825Mobile nil 200 10,350New Orleans nil 4,300 182,500St Louis nil 25 85,825Total 500 8,400 466,400

Shanghai Futures Exchange DeliverableAluminium 498,068Copper 139,332Zinc 290,926

Lead Delivered Delivered Total in outAntwerp nil 900 12,800Hamburg nil 50 7,575Genoa nil nil 6,550Leghorn nil nil 5,125Trieste nil nil 2,800Johor nil nil 450Port Klang nil 500 6,925Rotterdam nil nil 12,025Vlissingen nil nil 8,100Singapore 1,800 700 7,600Barcelona 200 nil 9,300Bilbao 750 nil 22,175Liverpool nil nil 475Baltimore nil nil 7,325Chicago nil nil 25Detroit nil nil 44,150Long Beach nil nil 24,725Los Angeles nil 425 2,275Mobile nil nil 2,225New Orleans nil nil 9,750Total 2,750 2,575 192,375Zinc Delivered Delivered Total in outAntwerp nil nil nilTrieste nil nil 6,550Johor nil 75 90,250Port Klang 475 nil 16,650Rotterdam nil nil 25,550Vlissingen nil nil 25Singapore nil 125 6,375Dubai nil 25 2,025Hull nil nil 4,125Bilbao nil nil 650Chicago 1,200 350 23,975Detroit nil 100 89,475Long Beach nil nil 4,550Los Angeles nil 150 9,025New Orleans nil 1,375 336,650St Louis nil nil 575Toledo nil nil 975Total 1,675 2,200 617,425Tin Delivered Delivered Total in outAntwerp nil nil nilBusan nil nil 70Gwangyang nil 40 525Rotterdam 625 150 2,000Johor 350 200 13,795Singapore nil 340 4,705Baltimore nil 65 60Total 975 795 21,155

NASAAC ingots Delivered Delivered Total in outBaltimore 1,200 580 11,200Chicago nil 580 20,320Detroit nil nil 11,180Long Beach nil nil nilLouisville nil nil nilOwensboro nil nil nilNew Orleans nil nil 1,320St Louis nil nil nilTotal 1,200 1,160 44,020NASAAC T-Bars Delivered Delivered Total in outBaltimore nil 120 2,380Detroit nil nil 5,180Owensboro nil nil nilTotal nil 120 7,560NASAAC large sows Delivered Delivered Total in outBaltimore nil nil 3,640Chicago nil nil 160Owensboro nil nil 100Total nil nil 3,900NASAAC small sows Delivered Delivered Total in outChicago nil 380 71,800Detroit nil nil 23,980Louisville nil nil 1,380Mobile nil nil 200New Orleans nil nil 4,000Owensboro nil nil 40St Louis nil nil 6,860Total nil 380 108,260

Steel Billet Delivered in Delivered out Total FE Med FE Med FE MedRotterdam nil nil nil nil nil 4,940Kocaeli nil nil nil nil nil 910Tekirdag nil nil nil 4,420 nil 14,170Johor nil nil nil nil 2,730 nilIncheon nil nil nil nil 2,080 nilTotal nil nil nil 4,420 4,810 20,020

Cobalt Delivered Delivered Total in outRotterdam 21 nil 111Singapore nil nil 25Total 21 nil 136Roasted Molybdenum Concentrate RMC Powder Delivered Delivered Total in outRotterdam 96 nil 150Singapore nil nil nilBaltimore nil nil nilTotal 96 nil 150


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esExchange Rates & New York Futures

Jun 9 Jun 11AluminiumLME prices: see Daily MetalEuropean free market: $/tonne in warehousemin 99.7% ingot duty unpaid premium indicator 90-120* 90-120*LME duty-paid Premium Indicator/HG Cash 165-185* 165-185*HG duty-paid three months 160-180* 160-180*Cif Japan: 99.7% duty unpaid premium indicator quarterly 125-130* 125-130*CIS-origin: indicators in warehouse Europe:A7e premium 90-120 90-120LME warehouse premium Singapore: 80-90* 80-90*Extrusion billet premium 6063, EC duty paid,in warehouse Rotterdam ($/tonne) 370-385 370-385US free market: P1020 US midwestpremium indicator ($/lb) 0.065-0.070* 0.065-0.070*MB free market alumina: Metallurgical grade,spot fob, $/tonne 320-350 320-350MB Chinese free market,Metallurgical grade, delivered duty paid RMB/tonne 2,850-2,950* 2,850-2,950*Copper & BrassLME: see Daily MetalProducer premium(Codelco): contract2010 Grade A cathode (average) 80 80MB free market US: High-grade cathodepremium indicator, $/tonne 88.00-121.00* 88.00-121.00*MB European free market premium: $/tonneN. Europe Grade A 60-80* 60-80*LME warehouse premium Singapore: 50-60* 50-60*Chinese Grade 1: 55-60* 55-60*Cif Shanghai premium LME Grade A: 100-110* 100-110*Germany: (VDM) Electro, €/tonne wirebar (DEL): 5,339.20-5,429.60 5,339.20-5,429.60cathodes: 5,230.00-5,350.00 5,230.00-5,350.00South Africa: Phalaborwa W/B, Rand/tonne 68,645.67 68,645.67TinKuala Lumpur and LME prices: see Daily MetalMB European free marketSpot premium 99.9% $ per tonne 370-400* 370-400*Spot premium 99.85% $/tonne 300-350* 300-350*MB US free market: Grade A tin premium $/lb 0.23-0.26* 0.23-0.28*

Precious Metals

Base Metals

Jun 9 Jun 11IridiumMB free market: min. 99.9%, $/troy oz in warehouse 650-715* 650-715*Johnson Matthey base price: (unfab) $/troy oz (09.00 hrs) 715 715Engelhard base price: $/troy oz 720 720PalladiumWorld prices: see Daily MetalEuropean free market: min. 99.9%,$/troy ozin warehouse 440-445* 450-455*Engelhard base price: $/troy oz 433 455Johnson Matthey base price: (unfab) $/troy oz (09.00 hrs) 446 455

Jun 9 Jun 11PlatinumWorld prices: see Daily MetalEuropean free market: min. 99.9%, $/troy ozin warehouse 1,525-1,530* 1,540-1,545*Engelhard base price: $/troy oz 1,523 1,532Johnson Matthey base price: (unfab)$/troy oz (09.00 hrs) 1,530 1,545RhodiumEuropean free market: min. 99.9%, $/troy ozin warehouse 2,425-2,475* 2,400-2,450*Engelhard base price: $/troy oz 2,475 2,450Johnson Matthey base price: (unfab)$/troy oz (09.00 hrs) 2,475 2,425RutheniumEuropean free market: min. 99.9%, $/troy ozin warehouse 205-245* 205-245*Engelhard base price: $/troy oz 245 245Johnson Matthey base price: (unfab) $/troy oz (09.00 hrs) 240 240

Shanghai futuresYear ago Jun 10 Jun 4 Jun 7 Jun 8 Jun 9 Jun 10Aluminium yuan/tonne (June delivery)13,630 closed 13,810 13,800 13,975 14,130Copper yuan/tonne (June delivery)41,400 closed 50,320 49,730 49,980 50,830Zinc yuan/tonne (June delivery)13,515 closed 13,590 13,335 13,795 13,965

Exchange Rates Jun 4 Jun 7 Jun 8 Jun 9 Jun 10LME Settlement Conversion Rates$/£ 1.4565 1.4484 1.4419 1.4539 1.4593$/Yen 92.53 91.85 91.57 91.55 91.20$/euro 1.2052 1.1950 1.1939 1.1997 1.2028Closing Rates, Midpoint$/£ 1.4558 1.4495 1.4369 1.4594 1.4665$/Yen 91.92 91.70 91.00 91.47 91.28$/euro 1.2036 1.1930 1.1948 1.2057 1.2106£/euro 1.2096 1.2150 1.2027 1.2105 1.2114

Standard Bank pricesStandard Bank’s rand fixing prices per tonne for London Metal Exchange trade Jun 4 Jun 7 Jun 8 Jun 9 Jun 10Copper R49,987.50 R48,055.39 R47,454.98 R48,676.81 R48,781.88Aluminium R14,845.13 R14,271.44 R14,417.25 R14,775.85 R14,784.97Lead R12,562.75 R12,164.09 R12,173.44 R12,796.46 R12,835.09Zinc R12,907.63 R12,448.98 R12,644.79 R13,442.08 R13,067.68Nickel R141,825.00 R140,880.25 R139,887.41 R145,206.96 R148,121.07Tin R133,648.75 R126,050.75 R123,331.53 R126,766.14 R127,924.50

New York futuresYear ago June 9 June 3 June 4 June 7 June 8 June 9 (Comex) Copper high grade cents/lb236.00 June ̀ 10 295.70 281.25 275.90 277.25 284.25113,346 Open Interest 130,659 133,526 131,673 131,799 130,683 58,484 Stocks (short tons) 102,087 102,110 102,110 102,110 102,110 (Comex) Gold $/troy oz954.00 June ̀ 10 1215.00 1,210.90 1,213.00 1,242.80 1,232.10388,374 Open Interest 548,614 556,961 565,941 564,792 564,5648,712,089 Stocks (troy oz) 10,735,994 10,735,994 10,792,050 10,797,618 10,797,158(Nymex) Palladium $/troy oz256.45 Nymex Sett Jun 461.30 431.45 423.20 430.95 453.904,147 Stocks (troy oz) 6,312 6,312 6,306 6,306 6,299(Nymex) Platinum $/troy oz1,257.90 Nymex Sett Jul 1,556.80 1,540.90 1,502.50 1,518.20 1,539.002,524 Stocks (troy oz) 2,663 2,663 2,663 2,663 2,661(Comex) Silver cents/troy oz1,512.80 Jun ̀ 10 1,827.00 1,761.50 1,744.00 1,828.00 1,830.00107,157 Open Interest 122,671 121,123 122,137 122,536 124,843

Jun 9 Jun 11NickelLME prices: see Daily MetalEurope: $/tonne in warehouse Rotterdamuncut cathodes premium indicator 150.00-200.00* 150.00-200.00*4x4 cathodes premium indicator 400.00-500.00* 400.00-500.00*briquettes premium indicator 500.00-600.00* 500.00-600.00*US: melting premium indicator $/lb 0.95-1.15* 0.95-1.15*plating premium indicator $/lb 1.15-1.40* 1.15-1.40*LeadLME prices: see Daily MetalGermany: (VDM) virgin soft, €/tonne 1,500.00-1,570.00 1,500.00-1,570.00MB US: High Grade ingot premium indicator, $/lb 0.0500-0.0700* 0.0500-0.0700*MB European free market:in warehouse Rotterdam €/tonne 15-35* 15-35*European Automotive battery premium free market (Eurobat)in warehouse Rotterdam €/tonneSoft lead (average) 154.28* 154.28*Ca/Ca grid lead (average) 219.42* 219.42*Connector lead (average) 160.47* 160.47*European Industrial batterypremium free market (Eurobat)in warehouse Rotterdam €/tonne (average) 103.98* 103.98*LME warehouse premium Singapore: 50-65* 50-65*Cif Shanghai premium LME: 100-100* 100-100*Lead concentrates: 70/80% Pb $/tonne T/C, cif. 200-250 200-250ZincLME prices: see Daily MetalGermany: (VDM) virgin, €/tonne 1,500-1,590 1,500-1,590UK: ThyssenKrupp Metallurgie GMbHcontract price forJune 2010Special high grade, £/tonne 1,445.00 1,445.00MB US: Special high grade, $/lb 0.0400-0.0500* 0.0400-0.0500*MB EU: Special high grade, fot Rotterdam, $/tonne 100.00-120.00* 120.00-140.00*LME warehouse premium Singapore: 30-50* 30-50*Cif Shanghai premium LME: 80-80* 80-80*Zinc Concentrates:cif main port $/tonne 250-270* 250-270*

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Minor metalsThe specification for all minor metals will be as laid down by the Minor Metals Trade Assn and published on their website (www.mmta.co.uk), unless otherwise indicated.Prices will be basis in warehouse Rotterdam, unless otherwise stated, and will reflect a trading range of business done at the time of the assessment. Jun 9 Jun 11AntimonyMB free marketRegulus, min 99.65%, max Se 50 ppm, max 100 ppm Bi,$/tonne in warehouse Rotterdam 8,100-8,600* 8,000-8,600*MMTA Standard Grade II, $/tonne in warehouse Rotterdam 8,000-8,500 7,900-8,500MB Chinese free marketMMTA Standard Grade II, delivered duty paid RMB/tonne 55,000-56,500* 53,500-57,000*ArsenicMB free market $/lb 0.60-0.65* 0.60-0.65*BismuthMB free market $/lb 8.20-9.30* 8.20-9.30*CadmiumMB free marketmin. 99.95%, cents/lb 180-210* 180-210*min. 99.99%, cents/lb 185-220* 185-220*ChromiumMB free marketalumino-thermic, min. 99%, $/tonne 10,500-11,200* 10,500-11,200*western un-degassed AT, min. 99.4%, $/kg d/d 10.25-10.65* 10.25-10.65*CobaltMB free marketHigh Grade, $/lb 19.50-21.00* 19.50-22.00*Low Grade, $/lb 17.35-18.25* 17.10-18.25*MB Chinese free marketConcentrate min 8% cif main Chinese ports $/lb 14.50-15.00* 14.50-15.00*Germanium dioxideMB free market $/kg 600-675* 600-675*IndiumMB free market $/kg 520-600* 520-600*MB Chinese free marketCrude min 98% duty unpaid in w/house China RMB/kg 2,850-2,950* 2,850-2,950*Indium Corp ingots min. 99.97%, $/kg fob 640-640 640-640

Jun 9 Jun 11MagnesiumEuropean free market $ per tonne 2,825-2,950* 2,825-2,950*China free marketmin 99.8% Mg, fob China main ports, $ per tonne 2,780-2,800* 2,780-2,800*MB Chinese free market min 99% Mg, ex-works RMB/tonne 16,400-16,700* 16,400-16,700*ManganeseMB free market $/tonne 2,630-2,750* 2,630-2,750*MercuryMB free market $ per flask 1,000-1,150* 1,100-1,200*Rhenium in warehouse Rotterdam duty paidMetal Pellets, min 99.9% $/lb 2,000-2,300 2,000-2,300APR catalytic grade $/kg Re 4,250-5,550 4,250-5,550SeleniumMB free market $/lb 34.00-39.00* 34.00-39.00*SiliconMB free market €/tonne 2,175-2,350* 2,175-2,350*US free market cents/lb 140-150* 140-150*Hong Kongmin. 98.5%, $/tonne fob main Chinese ports 2,320-2,340* 2,320-2,340*TitaniumMB free market ferro-titanium70% (max 4.5% Al), $/kg Ti d/d Europe 6.00-6.50* 6.00-6.50*Titanium Ores $/tonne Rutile conc min. 95% TiO2 bagged, fob/Aus 700-800 700-800Rutile bulk conc min. 95% TiO2 fob/Aus 530-550 530-550Ilmenite bulk conc min. 54% TiO2 fob/Aus 65-85 65-85

Noble Alloys & Ores Jun 9 Jun 11Lithium OresPetalite, 4.2% Li2O bagged fob Durban, $/tonne 165-260 165-260Spodumene > 7.25% Li2O cif Europe, $/tonne 650-700 650-700MolybdenumMolybdic oxideEuropeDrummed molybdic oxide, $/lb Mo 13.50-14.50* 13.50-14.50*USCanned molybdic oxide, $/lb Mo 14.25-14.75* 14.25-14.75*Ferro-Molybdenumbasis 65-70% Mo, $/kg Mo 36.00-38.00* 36.00-38.00*basis 60% Mo, $/kg Mo, duty unpaid in warehouse Rotterdam 33.00-35.00* 33.00-35.00*US free market, 65-70% Mo, $/lb in warehouse Pittsburgh 18.00-18.50* 18.00-18.50*Hong Kong, min. 60% Mo, $/kg Mo, fob main Chinese ports 40.00-40.00* 40.00-40.00*MB Chinese free marketConcentrate 45% Mo, in warehouse China RMB/mtu 2,000-2,050* 1,950-2,000*UraniumNuexco spot price indicator $/lb U3O8 40.75 40.75

Jun 9 Jun 11TungstenEuropean free marketAPT, $/mtu 230-235* 230-235*US free marketAPT, $/stu 170-185* 170-185*Hong KongAPT Chinese No1, $/mtu fob main Chinese ports 235.00-236.00* 235.00-236.00*MB Chinese free marketConcentrate 65% W03, in warehouse China RMB/tonne 82,000-83,000* 82,000-83,000*Ferro-Tungstenbasis 75% W min, $/kg W, in warehouse Rotterdam,duty unpaid 29.00-30.00* 29.00-30.00*Hong Kong, min. 75% W, $/kg W, fob main Chinese ports 31.00-33.50* 31.00-33.50*Tungsten OreMin. 65% WO3 $/mtu WO3 140-160* 140-160*VanadiumFerro vanadium basis 70-80%, $/kg V 29.50-31.00* 29.50-31.00*US free market ferro-vanadium, $/lb, in warehouse Pittsburgh 15.50-16.00* 15.50-16.00*Vanadium pentoxide cif Europe min 98% $ per Ib V2O5 6.90-7.50* 6.90-7.50*ZirconFoundry grade bulk, $/tonne fob Australia 800-860 800-860Premium bulk, $/tonne fob Australia 900-950 900-950

Bulk Alloys Jun 11Ferro-chrome $/lb CrLumpy Cr charge, basis 52% Cr, (and high carbon) quarterly 1.36-1.36*6-8% C basis 60% Cr, max 1.5% Si 1.25-1.35*European low carbon 0.10% C average 60-70% Cr quarterly 1.95-2.050.10% C average 68-70% Cr 2.05-2.15*European low carbon, in warehouse, 0.06% C max — 65%Cr 2.10-2.20*Low phosphorous Cr min 65%, C max 7%, Si max 1%, P max 0.015%, Ti max 0.05% 1.50-1.60*US free market, in warehouse Pittsburgh,6-8% C basis 60-65% Cr, max 2% Si 1.300-1.350*US free market, low carbon, duty paid, fob Pittsburgh,0.05%C — 65% min Cr 2.40-2.45*0.10%C — 62% min Cr 2.20-2.30*0.15%C — 60% min Cr 2.15-2.20*Spot 6-8% C, basis 50% Cr, delivered duty paid China RMB/tonne 8,700-8,800*Contract 6-8% C, basis 50Cr, delivered duty paid China RMB/tonne 9,500-9,600*Chrome Ore $/tonneChrome ore, cif main Chinese portsSA friable lumpy basis 35-40% 280-305*SA LG6 Met grade basis 42% 285-310*SA UG2 Met grade basis 40% 260-285*Turkish lumpy 40-42% cfr main Chinese ports 400-430*

Jun 11Ferro-manganesebasis 78% Mn (Scale pro rata), standard 7.5% C, €/tonne 1,150-1,190*US free market, 78% Mn, standard 7.5% C, $/long ton in warehouse Pittsburgh 1,370-1,400*US free market, medium carbon, duty paid, fob Pittsburgh,80% min Mn, 1.5% max C, $/lb 1.35-1.40*Hong Kong, min. 75% Mn, 7.5% C, fob main Chinese ports 1,480-1,530*MB Chinese free marketmin 65% Mn, max 7.0% C, in warehouse China RMB/tonne 7,900-8,200*Manganese Ore48/50% Mn Max 0.1%P, $/mtu metallurgical Mn, fob 8.00-9.25*Ferro-siliconLumpy, basis 75% Si (Scale pro rata), €/tonne 1,300-1,400*US free market, $/lb in warehouse Pittsburgh:lumpy basis 75% Si — imported 0.90-0.93*Hong Kong, min. 75%, fob main Chinese ports 1,380-1,400*MB Chinese free marketmin 75% in warehouse China RMB/tonne 6,700-6,800*Silico-manganeseLumpy, 65-75% Mn basis, 14-25% Si (Scale pro rata) €/tonne 1,200-1,250*US free market, $/lb in warehouse Pittsburgh: 0.63-0.66*Hong Kong, min. 65% Mn, max 17% Si,fob main Chinese ports 1,500-1,550*MB Chinese free marketmin 65% Mn max 17% Si,in warehouse China RMB/tonne 7,900-8,100*

All prices $/tonne, duty paid, delivered consumers’ works, unless otherwise shown. Other currency prices are given where the local markets are dominant or active. Date indicates last price change. These markets last assessed on Jun 11 (UK), Jun 10 (US).

Reminder: prices marked * are MB copyright. These markets were last assessed on Jun 11 (Europe and Asia) and Jun 10 (USA). All Chinese domestic prices include VAT of 17%


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esWorld SteelEU ImportsMetal Bulletin’s appraisal of cfr prices for imported, non-EU origin, commercial-quality carbon steel, € per tonne cfr main EU port (€/$=0.82).Rebar 500-510 02/06 JunWire rod (mesh quality) 510-520 02/06 JunPlate (up to 10mm) 500-550 07/06 JulPlate (10-50mm) 590-600 07/06 JulHot rolled coil 550-570 09/06 JulCold rolled coil 640-680 09/06 JulHot-dip galvanized coil 650-690 09/06 JulEU exportsMetal Bulletin’s appraisal of EU mills’ prices for export outside the EU of commercial-quality carbon steel, $ per tonne fob main EU port.Rebar 540-550 02/06 JunWire rod (mesh quality) 550-560 02/06 JunEU domesticMetal Bulletin’s appraisal of prices within the EU (excluding the UK) for commercial-quality carbon steel of EU origin, € per tonne delivered basis point (€/$=0.82).Rebar 460-490 02/06 JunWire rod (mesh quality) 490-500 02/06 JunSections (medium) 620-630 07/06 JunSections (scrap surcharge) 169-172 01/04 AprPlate (up to 10mm) 600-650 07/06 JunPlate(10-50mm) 680-720 07/06 JunHot rolled coil 600-620 09/06 JunCold rolled coil 670-690 09/06 JunHot-dip galvanized coil 680-700 09/06 Jun

CISProduct Price Date MonthCIS Exports (Black Sea)Metal Bulletin’s appraisal of CIS mills’ prices for export outside the CIS of commercial-quality carbon steel, $ per tonne fob stowed main Black Sea port.Billet 470-480 07/06 JunSlab 525-540 07/06 JunRebar 530-540 24/05 JunWire rod (mesh) 540-550 24/05 JunHeavy plate (10-50mm) 570-585 07/06 JunHot rolled coil 570-590 07/06 JunCold rolled coil 750-770 07/06 JunCIS DomesticMetal Bulletin’s appraisal of prices within Russia and Ukraine for commercial-quality carbon steel of CIS origin, $ per tonne ex-works.Rebar 605-645 09/06 JunHot rolled coil 635-655 08/06 JunCold rolled coil 740-750 08/06 Jun

Middle EastProduct Price Date MonthTurkish ExportsMetal Bulletin’s appraisal of Turkish mills’ prices for export of commercial-quality carbon steel, $ per tonne fob main Turkish port.Billet 480-490 10/06 JunRebar 520-530 10/06 JunWire rod (mesh quality) 530-540 10/06 JunMerchant bars 570-580 10/06 JunHot rolled coil 530-590 11/02 MarCold rolled coil 630-680 11/02 MarTurkish DomesticMetal Bulletin’s appraisal of prices within Turkey for commercial-quality carbon steel of Turkish origin, $ per tonne ex-workBillet 480-490 10/06 JunRebar 520-530 10/06 JunWire rod (mesh quality) 530-540 10/06 JunHot rolled coil 645-695 10/06 JunCold rolled coil 740-800 10/06 JunTurkish importsMetal Bulletin’s appraisal of prices for imported commercial-quality carbon steel, $ per tonne cfr main Turkish port.Billet 490-500 10/06 JunHot rolled coil 580-650 10/06 JunCold rolled coil 740-800 10/06 JunGCC country importsMetal Bulletin’s appraisal of prices for imported commercial-quality carbon steel, $ per tonne cfr main Gulf port.Billet 510-520 08/06 JunRebar 570-580 08/06 JunHot rolled coil 570-640 08/06 JulCold rolled coil 710-740 01/06 Jul

Product Price Date MonthIran DomesticMetal Bulletin’s appraisal of prices within Iran for commercial-quality carbon steel of Iranian origin, million rials per tonne delivered warehouse Tehran (m rials/$=10,480).Rebar (12-25)mm) 6.80-7.00 09/06 JunEqual Angles 6.70-7.30 09/06 Junl-beams 7.10-7.20 09/06 JunPlate 6.60-6.70 09/06 JunHot rolled coil 5.70-6.60 09/06 JunCold rolled coil 8.10-8.50 09/06 JunHot-dip galvanized coil 9.10-9.50 09/06 JunHollow sections 6.40-6.50 09/06 JunIran ImportsMetal Bulletin’s appraisal of prices quoted by overseas suppliers for commercial-quality carbon steel to Iranian buyers, $ per tonne cfr Iranian northern portsBillet 485-490 09/06 AugRebar 560-570 09/06 AugEgyptian DomesticMetal Bulletin’s appraisal of prices within Egypt for commercial-quality carbon steel of Egyptian origin E£ per tonne ex-worksRebar 3,550 01/06 Jun

South AmericaProduct Price Date MonthSouth American exportsMetal Bulletin’s appraisal of South American mills’ prices for export outside South America of commercial-quality carbon steel, $ per tonne fob stowed main South American port.Billet 560-580 20/05 JunSlab 550-570 20/05 JunRebar 600-630 20/05 JunMerchant bars (equal angles) 510-520 19/03 AprWire rod mesh quality 690-720 22/04 JunWire rod drawing quality 680-710 22/04 JunMedium plate: 3-10mm 540-570 18/06 AugHeavy plate: over 10mm 560-590 11/03 AprHot rolled coil (dry) 550-590 11/03 AprCold rolled coil 680-710 11/03 AprGalvanized coil 530-550 16/04 May

NaftaProduct Price Jun 10US ImportsMetal Bulletin’s appraisal of prices for imported, non-Nafta origin, commercial-quality carbon steel, $ per short ton cfr Gulf.Slab 540-540Rebar 540-550Merchant bars 700-720Wire rod (low carbon) 600-620Medium sections 670-680Heavy sections (over 24in) 760-770Medium plate 600-620Heavy plate 800-820Hot rolled coil (commodity) 620-630Cold rolled coil 720-730Galvanized coil (base US) 820-830US domesticAMM’s appraisal of prices within the USA for commercial-quality carbon steel of US or Canadian origin, $ per short ton, delivery terms as indicated.Rebar (fob mill) 610-610Wire rod(mesh quality; delivered) 770-770Plate (fob mill) 880-880Hot rolled coil (fob mill) 680-680Cold rolled coil (fob mill) 790-790Hot-dip galv coil (fob mill) 860-860

AsiaProduct Price Date MonthChina ExportsMetal Bulletin’s appraisal of Chinese mills’ prices for export of commercial-quality carbon steel, $ per tonne fob main China port.Billet 675-680 11/06 JulRebar 580-610 11/06 JulWire rod (mesh quality) 600-606 11/06 JulHeavy plate 620-660 11/06 JulHot rolled coil 585-615 11/06 JulCold rolled coil 720-740 11/06 JulGalvanized coil 1mm 730-750 11/06 JulChina ImportsMetal Bulletin’s appraisal of prices for imported, non-EU origin, commercial-quality carbon steel, $ per tonne cfr main China port.Cold rolled coil, 1mm & below 560-580 16/10 DecHot dip galvanized coil 570-600 16/10 Dec

Product Price Date MonthEastern China DomesticMetal Bulletin’s appraisal of prices in eastern China for commercial-quality carbon steel of Chinese origin, yuan per tonne delivered warehouse (yuan/$=6.83).Rebar 3,770-3,810 11/06 JunWire rod (mesh) 3,930-4,010 11/06 JunSections 4,150-4,170 11/06 JunPlate 4,220-4,300 11/06 JunHot rolled coil (min 2mm) 4,180-4,200 11/06 JunCold rolled coil (0.5 - 2mm) 5,050-5,230 11/06 JunHot-dip galvanized coil 5,030-5,150 11/06 JunSouthern China DomesticMetal Bulletin’s appraisal of prices in southern China for commercial-quality carbon steel of Chinese origin, yuan per tonne delivered warehouse (yuan/$=6.83).Rebar 3,960-4,400 11/06 JunWire rod (mesh) 4,000-4,070 11/06 JunSections 4,350-4,370 11/06 JunPlate 4,530-4,550 11/06 JunHot rolled coil (min 2mm) 4,230-4,270 11/06 JunCold rolled coil (0.5 - 2mm) 5,250-5,300 11/06 JunHot-dip galvanized coil 5,100-5,150 11/06 JunIndian exportsMetal Bulletin’s appraisal of Indian mills’ prices for export of commercial-quality carbon steel, $ per tonne fob main India port.Billet 445-450 18/12 DecPlate (12-40mm) 590-600 19/03 MarHot rolled coil (commodity) 670-680 19/03 DecHot-dip galvanized coil 1000-1050 16/04 AprIndian importsMetal Bulletin’s appraisal of prices for imported, non-EU origin, commercial-quality carbon steel, $ per tonne cfr main India port.Billet 675-685 16/04 MayPlate (20-60mm) 710-720 16/04 MayHot rolled coil (commodity) 600-605 04/06 JunHot rolled coil (CR grade) 700-715 01/04 JunCold rolled 850-855 16/04 MayHot dip-galvanized coil 710-720 13/11 DecIndian domesticMetal Bulletin’s appraisal of prices within India for commercial-quality carbon steel, rupees per tonne ex-works.Billet 24000-24500 30/04 AprHeavy plate 38000-39000 23/04 AprHot rolled coil 35500-36500 21/05 MayCold rolled coil 41000-41500 21/05 MayHBI 16000-16100 30/04 AprHot-dip galvanized coil 45500-46500 21/05 May

SteelBenchmarker™ PricesProduct Price May 24Prices in $/metric tonne, except (short ton) and {€ per tonne}Region: USA, East of the MississippiRebar 692(628)Standard plate 903(820)Hot rolled coil 760(690)Cold rolled coil 882(800)Region: Mainland ChinaRebar 503Standard plate 557Hot rolled coil 535Cold rolled coil 713Region: Western EuropeHot rolled coil 728{595}Cold rolled coil 836{683}Region: World Export MarketStandard plate 721Hot rolled coil 684Cold rolled coil 789

Stainless SteelProduct Price Date MonthStainless Steel - Asia import$/tonne cif East Asian portGrade 304 2mm CR coil, 2B 2,730-3,100 11/06 JulGrade 304 HR sheet 2,650-2,850 11/06 JulStainless Steel - China Domesticyuan/tonne, in warehouseGrade 304 2mm CR coil 19,600-20,000 11/06 JunGrade 430 2mm CR coil 10,800-11,000 11/06 JunStainless Steel - EU export$/tonne fob N. European port.Min 100 tonne lotGrade 304 2mm CR sheet 3,800-4,000 28/05 JunStainless Steel - EU domestic2mm 304 cold rolled stainless strip €/tonnebase price 1,300-1,400 28/05 JunAlloy Surcharge 1,800-1,900 28/05 Jun304 Stainless steel bright bar €/tonneBase price 1,200-1,300 28/05 JunAlloy Surcharge 2,500-2,700 28/05 Jun

Key:Date: Date of last reported transactionsMonth: Month of production in the case of export or domestic tables; month of delivery in the case of import tablesPrices in italics are offer prices not transaction

All prices are MB copyright except SteelBenchmarker



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Scrap, Secondary Metals, Scrap Substitutes & Iron Ore Ferrous scrapMB UK ferrous scrap indexThe following indices of UK ferrous scrap prices were compiled by Metal Bulletin from information supplied by UK steelmakers and iron-founders (Sept-Nov 1976 average = 100).Week ended Jun 2 Jun 9“A” Basic Scrap 613.24 613.24“B” Low Residual Scrap 530.21 530.21“C” Cast Iron Scrap 562.88 562.88“D” Low Grade Scrap 691.74 691.74Master Index 597.07 597.07UK ferrous scrapThe following is Metal Bulletin’’s evaluation of UK prices for processed scrap delivered to consumers. Prices may vary according to region and destination, and should therefore be read in conjunction with editorial comment on the Scrap & Secondary Metals pages.£/tonne Jun 4 Cut GradesOA plate and structural 205-225 1 Old steel 185-205 2 Old steel 180-205 12A/C/D New Production heavy andshovellable steel 205-215 Frag and Frag Feed3B Fragmentised 185-205 5C Loose old light 145-155 Bales and Cuttings4A New steel bales 225-235 4C New steel bales 215-225 8A New loose light cuttings 195-205 8B New loose light cuttings 185-195 Turnings7B Heavy steel turnings 160-165 Cast Iron9A/10 Heavy and light cast iron 190-210 9B/C Cylinder block scrap 225-255 11A Cast iron borings 165-185 Prices relate to new UK scrap specifications.‡‡Please see MB.com for full explanation of price changesUK ferrous scrap exportMB assessment, $/tonne fob main UK port Jun3 Jun 10HMS 1&2 (80:20 mix) 200-210 195-205Shredded 205-215 200-210Alloy steel scrapUK wholesale merchants’ stainless (£/tonne) Jun 418/8 turnings 975-1,01218/8 solids 1,300-1,35012-13% Cr solids 210-25016-17% Cr solids 260-310Cif Europe stainless ($/tonne)18/8 solids 1,980-2,03018/8 turnings 1,683-1,725UK home high speed (pence/kg)6-5-2 solids 180-2106-5-2 turnings 130-160Rotterdam exportMB assessment, $/tonne fob Rotterdam Jun 3 Jun 10HMS 1&2 (80:20 mix) 303-308 279-283HMS 1&2 (70:30 mix) 298-303 276-286Shredded 308-313 284-288Turkish importMB assessment, $/tonne cfr main Turkish ports Jun 3 Jun 10HMS 1&2 (80:20 mix) 335-340 313-317HMS 1&2 (70:30mix) 330-335 310-320Shredded 340-345 318-322US exportMB assessment, $/tonne fob East Coast Jun 3 Jun 10HMS 1&2 (80:20 mix) 310-315 292-302Shredded 315-320 302-312USAIron Age scrap price bulletin composite - $/long ton delivered Pittsburgh/Chicago.Week ending Jun 3 Jun 10No 1 heavy melting 341.50 324.83No 2 bundles 285.00 274.00MB assessment of Broker Buying Price, $/tonne delivered DetroitNo 1 busheling 355.00 355.00No 1 bundles 335.00 335.00China domesticyuan/tonne delivered mill Jun 11Heavy Scrap 2,900-3,000Germany€/tonne, delivered at scrapyard. Source: BDSV Apr MayNo E2/8 (new steel scrap) 317.3 289.1No E1 (old steel scrap) 290.0 256.6No E3 (old thick steel scrap) 307.4 277.3No E40 (shredded steel scrap) 320.8 285.9No E5 (steel turnings) 267.8 233.8

Non-Ferrous scrap EuropeAluminiumEuropean free market (MB assessment. €/tonne eff June 11 )Floated Frag 1,300-1,350Cast 1,170-1,250Mixed turnings 6% 1,150-1,250LME Cash primary (lowest midday bid) $1,905.00LME Cash alloy (lowest midday bid) $1,805.00Germany (per 1000kg eff June 9 ) €Pure Cuttings 1,100-1,300Commercial Cast 1,100-1,130H9 Extrusions 1,470-1,580Alloy Turnings 850-1,100Source:VDMFrance (per 1000kg eff June 8 ) €Pure Cuttings 1,320-1,350Old Rolled 750-800Commercial Cast 870-900Source: Lettre d’’Information MetauxItaly (per 1000kg eff June 4 ) €Pure Cuttings 1,280-1,330Old Mixed Scrap 1,125-1,175Commercial Cast 1,175-1,225Source: AssometCopperGermany (per 1000kg eff June 9 ) €Copper Wire (Berry) 5,100-5,300Heavy Copper 4,600-4,780Heavy Brass 2,900-3,100Brass Turnings (MS 58) 3,200-3,400Brass Sheet (MS 63) 3,450-3,650Source:Verein Deutscher MetallhSndlerFrance (per 1000kg eff June 8 ) €Electro Cuttings 4,750-4,800No 1 Bright Wire 4,600-4,620Mixed (96%) 4,350-4,400Brass Plate Cuttings 70/30 3,370-3,400Brass Turnings 2,900-2,950Mixed Brass 2,800-2,850Source: Lettre d’’Information MetauxItaly (per 1000kg eff June 4 ) €Electrolytic dd EN 12861-S-Cu-2 5,055-5,107Enamelled wire EN 12861-S-Cu-3 4,895-4,947New from tubes, strips etc EN 12861-S-Cu-4 5,015-5,067Old from tubes, strips etc 12861-S-Cu-7 4,745-4,797EN 12861-S-Cu-Zn-1-A-Cu 63.5% 3,601-3,679Mixed from valves/taps EN 12861-S-Cu-Zn-6 3,051-3,129Several 95% m/m 12861-S-Cu-Zn-7 2,851-2,929Source: Assomet

SteelBenchmarker™ scrap pricesPrices in $/metric tonne, except [gross ton]Region: USA, East of the Mississippi May 24†Shredded Scrap 337 [343]No 1 Heavy melting scrap 306 [311]No 1 Busheling scrap 427 [434]†For shredded scrap the region is for all but the West CoastRegister as a price provider at www.steelbenchmarker.com

Scrap SubstitutesProduct Price Date MonthEU Imports €/tonne cfr Western EuropePig Iron 350-380 10/06 JulSouth American exports $/tonne, delivery terms as statedHot briquetted iron 300-305 10/06 JulPig Iron basic steelmaking;fob Vitorio/Rio 430-450 10/06 JulPig Iron basic steelmaking;fob Ponta da Madeira 435-440 10/06 JulUS Imports $/tonne cfr Gulf of MexicoPig Iron 450-480 10/06 JulCIS Exports $/tonne fob main Black/Baltic sea portPig Iron 410-430 10/06 JulChina Domestic yuan/tonne, delivered warehousePig Iron 3050-3200 11/06 Jun

China Iron orecfr main China port $ per dry metric tonne Product Price Date MonthIron ore fines (63.5% fe) 151-152 11/06 JunIron ore pellets (63.5% fe) 170-174 11/06 Jun

MB IndicesIron ore index (62%) $ per tonne 144.56Turkey $ tonne cfr Iskenderun 315.22

UK non-ferrous scrapThe following UK prices were assessed on June 9Aluminium £/tonne Actual Price MB LME DiscountsGroup 1 Pure 99% min (baled) 1150-1200 101-151Group 1 Litho (baled) 1150-1200 101-151Commercial pure cuttings 1000-1040 261-301Clean HE9 extrusions 1140-1170 131-161Mixed alloy/Old Rolled cuttings 850-900 339-389Baled Old Rolled 900-930 309-339Commercial cast 1000-1100 139-239Cast wheels 1180-1250‡ 11-59‡Commercial turnings 660-700 539-579Group 7 turnings 570-600 639-669LME primary avge: 1301.09LME alloy avge 1239.59Novelis Recycling UBC price 800-850Titanium $/lb cifTurnings, unprocessed type 90/6/4 (0.5% Sn max) 1.70-2.30Turnings, unprocessed 90/6/4 (over 0.5%, max 2% Sn) 1.60-2.20

Non-ferrous foundry ingotsAluminium UK effective June 9 £/tonneMB free marketLM24 Pressure diecasting ingot 1,600-1,680LM6/LM25 Gravity diecasting ingot 1,830-1,890NB: prices expressed delivered consumer works, LM series as specified in BS1490Aluminium Europe effective June 11 $/tonneMB free marketDuty unpaid in warehouse alloy premium 70-80Duty paid delivered works pressure €/tonnediecasting ingot price (DIN226/A380) 1,830-1,890Aluminium US effective June 10 $/lb delivered MidwestA380.1 alloy 0.97-0.98AFFIMET prices effective June 1 €/tonneAS 12 2,640AS 12 UN 2,790AS 9 U3 2,520AS 5 U3 2,870Reflects generally larger traded lotsVDM effective June 9 €/1000 kg deliveredDIN 226 2,440-2,590DIN 231 2,530-2,680DIN 311 2,480-2,630Aluminium Bronze UK effective June 8 £/tonneAB1 ex-works 4,200AB2 ex-works 4,480Source: C.F. Booth LtdBrass UK effective June 8 £/tonneSCB3 ex-works 3,610High Tensile HTB1 ex-works 3,780Source: C.F. Booth LtdGunmetal UK effective June 8 £/tonneLG2 85/5/5/5 ex-works 4,270LG4 87/7/3/3 ex-works 4,550G1.11.5 Pb ex-works 5,400Source: C.F. Booth LtdPhosphor Bronze UK effective June 8 £/tonnePB1 ex-works 5,850Source: C.F. Booth LtdPhosphor Copper UK effective June 8 £/tonne10% P ex-works 6,70015% P ex-works 6,800Source: C.F. Booth LtdZinc Alloys UK £/tonneBrock Metal Co June Contract Alloy Price (delivered UK, min 25 tonne lots)Brock Metal ZL3 1,712Brock Metal ZL5 1,745


Prices and other information contained in this publication have been obtained by Metal Bulletin from various sources. This information has not been independently verified by Metal Bulletin. Those prices and price indices which are evaluated or calculated by Metal Bulletin represent an approximate evaluation of current levels based upon dealings (if any) that may have been disclosed prior to publication to Metal Bulletin. Such prices are collated through regular contact with producers, traders and consumers, although not all market segments may be contacted prior to the evaluation, calculation, or publication of any specific price or index. Actual transaction prices will reflect quantities, grades and qualities, credit terms, and many other parameters. Metal Bulletin does not guarantee the accuracy, adequacy or completeness of any published information. Metal Bulletin is not responsible for errors or omissions, or for the results obtained by the use of such information, and disclaims any liability to any person for any loss or damage caused by such use, errors or omissions, including those resulting from the negligence of Metal Bulletin, its employees or representatives.

Key:Month: Month of production in the case of export or domestic tables; month of delivery in the case of import tables

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