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Japan starts Q3 HRC talks with Korean rerollers

July 01, 2011 - 08:12 GMT Location: Shanghai

KEYWORDS: Japan , HRC , South Korea , steel

Japanese steelmakers have begun negotiations with South Korean rerollers on hot rolled coil prices for the third quarter

The average June quarter contract price is said to be $740 per tonne fob for rerolling grade hot rolled coil, up from the average of $700 fob for the previous quarter. Japanese steelmakers had asked for $1,000 per tonne fob for the second quarter at first but soon had to drop this to $800-900 fob and finally come to terms at $740 per tonne fob, MB understands. "The Q3 talks have begun, but there are no details yet," an official at Nippon Steel said, confirming that Q2 contract...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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