ASEAN HRC Steel import prices rise sharply to $479 a ton

Published: May 10, 2016 09:31

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ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) rose sharply by $37 a ton week-on-week to $479 a ton in the week ended April 22.

SINGAPORE May 09 2016 4:44 PM

SINGAPORE (Scrap Register): ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) rose sharply by $37 a ton week-on-week to $479 a ton in the week ended April 22, as per the latest figures released by The Steel Index.

According to TSI, ASEAN HR coil benchmark index closed the week at $479 a ton CFR ASEAN port, rocketing $37 a ton from one-week ago.

SS400 grade HR coil was booked in the $470-480 a ton range with buyers procuring material from a wide range of sources. Pipe makers in northern Vietnam opted for Russian-origin HRC whilst SAE-grade HRC from Taiwan concluded between $480-485 a ton.

Traders also offered Indian material for July shipment at small discounts to Chinese offers though no bids were heard at time of publication.

ASEAN hot rolled cold (HRC) steel import prices

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