ASIA HRC: Prices stabilize after offers for Indian HRC pick up

Asia’s hot-rolled coil market appears to have gained some respite from some three months of continual decreases with sellers becoming less willing to lower prices further, especially for Indian products.

Fastmarkets' weekly price assessment for steel HRC import, cfr Vietnam, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $420 per tonne cfr for the week ending Monday November 4, up by $10-12 per tonne from a week earlier.

A transaction involving 20,000 tonnes of Japanese 2.0mm SAE1006 HRC was heard to have been concluded at $420 per tonne cfr Vietnam over the week....

Published

Paul Lim

November 04, 2019

11:08 GMT

Singapore