SINGAPORE December 29 2015 10:47 AM
SINGAPORE (Scrap Register): ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) down week-on-week to $272 a ton in the week ended December 11, as per the latest figures released by The Steel Index.
According to TSI, ASEAN HRC index lost another $1 a ton to close the week at a new low of $272 a ton.
Chinese HRC offers remained stable between $270-275 a ton, while Taiwanese-origin HRC prices slightly increased to around $290 a ton, although discounts were available.
This brought prices for Taiwanese material on par with Japanese offers, currently at $285-287 a ton.
Lead-times lengthened by around 10 days compared to the last week, as buyers were arranging shipments to avoid deliveries during the Lunar New Year.