ASEAN HRC Steel import prices fall to $511 a ton-Shanghai Metals Market

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ASEAN HRC Steel import prices fall to $511 a ton

Industry News 03:23:27PM Jan 18, 2017 Source:scrapregister

SINGAPORE January 18 2017 10:30 AM

SINGAPORE (Scrap Register): ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) fell by $3 a ton to $511 a ton during the week ended January 06, as per the latest figures released by The Steel Index.

The physical market had a quiet start to the year due to a bearish Chinese steel futures market. Chinese mills were heard to drop their offers to between $520-530 a ton for SAE grade and $510 a ton for SS400 grade, while traders were willing to sell their position cargoes $10 a ton lower. 

However, little interest was shown by Vietnamese buyers. Meanwhile, Thai re-rollers had almost no choice but to accept HRC at $570-580 a ton from their domestic mills because of anti-dumping duties in place. 

Indonesian producers reportedly received offers at $580 a ton for HRC from Indian mills. All prices quoted on a CFR ASEAN port basis unless otherwise stated.

Price

more
62% Fe Fines (Qingdao Port): IOPI62
Sep.12
779.0
23.0
(3.04%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Sep.12
102.0
3.1
(3.16%)
58% Fe Fines (Qingdao Port): IOPI58
Sep.12
689.0
16.0
(2.38%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Sep.12
90.7
2.2
(2.47%)
65% Fe Fines (Qingdao Port): IOPI65
Sep.12
825.0
25.0
(3.12%)

ASEAN HRC Steel import prices fall to $511 a ton

Industry News 03:23:27PM Jan 18, 2017 Source:scrapregister

SINGAPORE January 18 2017 10:30 AM

SINGAPORE (Scrap Register): ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) fell by $3 a ton to $511 a ton during the week ended January 06, as per the latest figures released by The Steel Index.

The physical market had a quiet start to the year due to a bearish Chinese steel futures market. Chinese mills were heard to drop their offers to between $520-530 a ton for SAE grade and $510 a ton for SS400 grade, while traders were willing to sell their position cargoes $10 a ton lower. 

However, little interest was shown by Vietnamese buyers. Meanwhile, Thai re-rollers had almost no choice but to accept HRC at $570-580 a ton from their domestic mills because of anti-dumping duties in place. 

Indonesian producers reportedly received offers at $580 a ton for HRC from Indian mills. All prices quoted on a CFR ASEAN port basis unless otherwise stated.