CHINA January 15 2015 12:29 PMTweet 
SINGAPORE (Scrap Register): 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.