ASEAN HRC Steel import prices advance sharply to $395 a ton

Apr 7, 2015 09:17

Source:SMM

ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) advanced sharply by $7 a ton week-on-week to $395 a ton during last week, as per the latest figures released by The Steel Index.

CHINA April 06 2015 9:20 AM

SINGAPORE (Scrap Register): ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) advanced sharply by $7 a ton week-on-week to $395 a ton during last week, as per the latest figures released by The Steel Index.

With the rebound in Chinese domestic steel prices, export offers also increased this week. Chinese-origin SAE grades were offered above the $400 a ton mark, although concluded prices were a few dollars below (CFR ASEAN port).

For Live Chinese Steel Scrap Prices Log on to Scrap Register

Asking prices for SS400 grades were between $390-395/t, a similar price level to SAE material. With rising Chinese prices, Japanese, South Korean and Taiwanese HR coil became popular alternatives for the importers.

Non-Chinese offers stood near $420/t, but deals were concluded lower at around $400/t (CFR Vietnam) or $410-415 (CFR Indonesia). Meanwhile, more ASEAN HRC swaps (basis TSI) cleared on SGX.

(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)

The Steel Index

ASEAN hot rolled cold steel import prices

ASEAN HRC steel import prices

For queries, please contact William Gu at williamgu@smm.cn

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

ASEAN HRC Steel import prices advance sharply to $395 a ton

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 (10th) China International New Energy Industry Expo