LME steel billet prices
I see that the current LME steel billet price is around $300/metric tonne. See http://www.lme.com/steel/latest_price.asp
Can this billet price for steel be correct? Other top sources such as Metal Bulletin Research show current ferrous scrap prices to be over $400 per metric tonne. Why pay $400/t for steel scrap if you can buy billet for $300 a tonne?
A few other independent sources including our own at http://www.steelonthenet.com/pricing_history.php also show recent billet prices at well over $500 / metric tonne.
Is there some disparity here, or maybe some other important factor such as liquidity impacting the LME billet price? All comments welcomed ...
blogger@steelonthenet.com
Can this billet price for steel be correct? Other top sources such as Metal Bulletin Research show current ferrous scrap prices to be over $400 per metric tonne. Why pay $400/t for steel scrap if you can buy billet for $300 a tonne?
A few other independent sources including our own at http://www.steelonthenet.com/pricing_history.php also show recent billet prices at well over $500 / metric tonne.
Is there some disparity here, or maybe some other important factor such as liquidity impacting the LME billet price? All comments welcomed ...
blogger@steelonthenet.com
Labels: billet prices, ferrous scrap, LME steel billet, steel scrap
posted by mci @ 10:07 AM permalink
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