ASEAN HRC Steel import prices gain further to $385 a ton

Published: Aug 31, 2016 13:59

Save

ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) gained further to $385 a ton during the week ended July 15, as per the latest figures released by The Steel Index.

SINGAPORE August 31 2016 10:45 AM

SINGAPORE (Scrap Register): ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) gained further to $385 a ton during the week ended July 15, as per the latest figures released by The Steel Index.

According to TSI, ASEAN HRC index finished the week at $385 a ton, up $15 a ton compared with last Friday. It was yet another week of rising steel futures prices in China – not dissimilar to conditions in March and April.

However, some market participants were unconvinced of the upsurge this time around, with even the most seasoned traders finding the market a challenge to read.

Offers for Chinese material jumped between $15-20 a ton for September shipment, reaching $380 a ton for SS400; $390-395 a ton for SAE grades from second tier mills and ranging between $400-410 a ton for the same product from first tier mills.

Despite the uncertainty, trading activity picked up on the price rise. MMK returned to the market with SAE offers at $395 a ton – an unattractive price according to traders and buyers in Vietnam. All prices quoted on a CFR ASEAN port basis.

ASEAN hot rolled cold (HRC) steel import prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

12 hours ago

March Copper Cathode Production Hit a Record High, Q2 Production Will Decline Due to Maintenance

March production was broadly in line with expectations, increasing by 63,700 mt from February on a MoM basis to a record high.

12 hours ago

China Southern Power Grid Launches 2026 IT Project Tenders, Involving 24 Packages

According to Polaris Power Network, on March 27, China Southern Power Grid launched the first batch of tenders for information technology projects in 2026. A total of 5 lots and 24 packages were involved, including 15 system construction projects, 2 special research projects, 5 business support projects, and 2 equipment procurement projects.

12 hours ago

Guiyang Power Supply Plans 523 AC Projects for 2026, Expanding Grid Infrastructure

According to BJX.com.cn, Guiyang Power Supply Bureau’s first batch of distribution network construction projects planned for 2026 totaled 523 projects, all of which were AC projects, including 174.19 km of new 10(20) kV lines, 316 distribution transformers, distribution transformer capacity of 100,905 kVA, and 279.69 km of low-voltage lines.

12 hours ago