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
Nov.21
665.0
-1.0
(-0.15%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Nov.21
87.3
-0.3
(-0.30%)
58% Fe Fines (Qingdao Port): IOPI58
Nov.21
568.0
3.0
(0.53%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Nov.21
74.8
0.3
(0.42%)
65% Fe Fines (Qingdao Port): IOPI65
Nov.21
724.0
-3.0
(-0.41%)

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.