By Vibin Antony
ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) declined by $6 a ton week-on-week to $462 a ton in the week ended January 09, as per the latest figures released by The Steel Index.
ASEAN import prices continued to weaken, with traders short-selling Chinese-origin HRC (SAE grades) as low as $455-465/tonne CFR ASEAN Port.
Mills’ offers were about US$5-8/t higher, although discounts were available for larger orders. SS400 grades were seen transacted between $450-455/t, as the gap between SS400 and SAE grades narrowed to $5-10/t.
Many buyers postponed deals, anticipating a price down trend may continue in the short-term.
As per Scrap Register Price Index, Chinese steel and stainless scrap prices remained flat on Wednesday.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) declined by $6 a ton week-on-week to $462 a ton in the week ended January 09, as per the latest figures released by The Steel Index.
ASEAN import prices continued to weaken, with traders short-selling Chinese-origin HRC (SAE grades) as low as $455-465/tonne CFR ASEAN Port.
Mills’ offers were about US$5-8/t higher, although discounts were available for larger orders. SS400 grades were seen transacted between $450-455/t, as the gap between SS400 and SAE grades narrowed to $5-10/t.
Many buyers postponed deals, anticipating a price down trend may continue in the short-term.
As per Scrap Register Price Index, Chinese steel and stainless scrap prices remained flat on Wednesday.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
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