Slab import prices in Asia edge up on higher HRC prices

Import prices for steel slab in Southeast Asia and East Asia moved higher over the past week amid stabilizing hot-rolled coil prices in the region, market sources said.

HRC prices in Asia’s main import market in Vietnam rose on the lack of cheap supply in the spot market, with offers for Indian HRC up $5-10 per tonne to $420-425 per tonne cfr Vietnam, Fastmarkets reported previously.

The presence of Chinese buyers also provided support to...


Lee Ken Kiat

November 04, 2019

11:24 GMT