World Bank figures: Global steel prices hovering
The World Bank released its monthly commodity price report for June.
According to the report, the average price of Australian coal for May 2005 increased just $.06/mt month on month to $53.06/mt. The average price of Australian coal for the first three months of the year was $53.04/mt.
The price of CVRD Carajas sinter feed
iron ore FOB Ponta da Madeira for
Europe in May remained as $0.65/dmtu.
The prices of steel products included in the Japanese petroleum index (1990=100) remained unchanged at 141.4 points in May. Eight products –
rebar,
merchant bar,
wire rod, section (H-shape), medium
plate, hot-rolled coil sheet, cold-rolled coil sheet and
galvanized iron sheet– are included in the calculation.
The average price of cold-rolled coil sheet was $750/mt in May, while that of hot-rolled was $650/mt. Both prices were unchanged from April.
The average prices of
rebar and
wire rod did not change either.
Rebar was $430/mt in May, while
wire rod was $550/mt.
On the other hand, the World Bank's metals and minerals price index for low and middle income countries (1990=100) regressed to 136.7 points, down 3.2% from April 2005.