By Vibin Antony
ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) plummet by $10 a ton week-on-week to $389 a ton during last week, as per the latest figures released by The Steel Index.
In line with decreases in Chinese export prices, ASEAN HRC imports prices lost $10 a ton during the week to finish at $389 a ton CFR Singapore port.
Offers for Chinese-origin SAE grades were heard between $390-400 a ton, with bids about US$10/t lower (CFR ASEAN port). Asking prices for SS400 grades were close to the $380a ton mark.
This price level made other producers less competitive, as South Korean mills were offering HRC at $400 a ton, but buyers were not prepared to pay above US$390/t (CFR Vietnam port). Offers from Japan and Taiwan were slightly higher at $410 a ton.
(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) plummet by $10 a ton week-on-week to $389 a ton during last week, as per the latest figures released by The Steel Index.
In line with decreases in Chinese export prices, ASEAN HRC imports prices lost $10 a ton during the week to finish at $389 a ton CFR Singapore port.
Offers for Chinese-origin SAE grades were heard between $390-400 a ton, with bids about US$10/t lower (CFR ASEAN port). Asking prices for SS400 grades were close to the $380a ton mark.
This price level made other producers less competitive, as South Korean mills were offering HRC at $400 a ton, but buyers were not prepared to pay above US$390/t (CFR Vietnam port). Offers from Japan and Taiwan were slightly higher at $410 a ton.
(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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