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ASEAN HRC Steel import prices remain flat at $291 a ton

iconJan 25, 2016 13:22
Source:SMM
ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) remained flat week-on-week to $291 a ton in the week ended January 15, as per the latest figures released by The Steel Index.

SINGAPORE January 22 2016 3:47 PM

SINGAPORE (Scrap Register): ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) remained flat week-on-week to $291 a ton in the week ended January 15, as per the latest figures released by The Steel Index. 

According to TSI, ASEAN HRC index stayed flat at $291 a ton CFR ASEAN port throughout the week, as Chinese steel producers were aiming to maintain their recently increased asking prices. 

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With firm offer levels, Chinese-origin HRC traded within a tight range of $289-293 a ton. Noticeably, Russian producer MMK returned to the Vietnamese market this week with very competitive asking prices. 

HRC was offered between $275-285 a ton, depending on coil weight, with transactions done a few dollars below this level. 

Meanwhile, the government of Thailand decided to extend safeguard duties on HRC imports for three more years, even though the absence of SSI created a shortage of HRC in the market.

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

Original title:ASEAN HRC Steel import prices remain flat at $291 a ton


The Steel Index
ASEAN hot rolled cold steel import prices
ASEAN HRC steel import prices

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