Asian slab import prices steady amid HRC upswing

Import prices for steel slab in Southeast Asia and East Asia were stable during the past week even as prices for hot-rolled coil in Asia moved higher.

Steel mills raised their asking prices by approximately $5 per tonne to reflect the increase in HRC prices, although it remains to be seen if buyers will accept the increase, market sources told Fastmarkets.

HRC prices in Southeast Asia’s key import market in Vietnam rose by...

Published

Lee Ken Kiat

November 11, 2019

11:08 GMT

Singapore