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

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.