Home / Metal News / Precious Metals / ASEAN HRC Steel import prices drop further to $538 a ton
ASEAN HRC Steel import prices drop further to $538 a ton
Jun 25,2014 13:42CST
Industry News
Source:SMM
ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) declined further by $3 a ton week-on-week to $538 a ton in the week ended June 13th this year.

SINGAPORE June 25 2014 10:35 AM

SINGAPORE (Scrap Register): ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) declined further by $3 a ton week-on-week to $538 a ton in the week ended June 13th this year, as per the latest figures released by The Steel Index.

Despite of the attempts made by Chinese mills to keep export offers for SAE grades firm, recorded transaction levels fell compared to the previous week to $535-540 a ton (CFR ASEAN Port). 
 
As Japanese and S. Korean mills were unable to compete with Chinese producers, they found themselves largely priced out of the market. 
 
Several Chinese traders were reportedly short selling HRC around the $540 a ton mark, anticipating that weakness will remain for the next few months.
 
The Steel Index

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

    timeJul 7, 2020 13:06timezoneCST
    timeJul 7, 2020 12:39timezoneCST
    timeJul 7, 2020 12:06timezoneCST
    timeJul 7, 2020 11:43timezoneCST
    timeJul 7, 2020 11:27timezoneCST
    timeJul 7, 2020 11:24timezoneCST
    timeJul 7, 2020 10:43timezoneCST
    timeJul 7, 2020 10:13timezoneCST
    timeJul 7, 2020 10:01timezoneCST
    timeJul 7, 2020 09:57timezoneCST