Major Japanese mill maintains bullish outlook for Asian HRC in early 2020

The outlook for the Asian hot-rolled coil market in the early part of 2020 is bullish, with prices for January-shipment materials already moving higher, an official at a leading Japanese steelmaker has told Fastmarkets.

Asian HRC buyers are now willing to pay more for January-shipment materials after putting off purchasing imported cargoes in October, the source said.
"The steelmaking restrictions implemented in northern China over the winter period will also boost demand and cap supply in the region," he added.

"More importantly, Indian supply is expected to be less prominent in Asia...


Paul Lim

November 18, 2019

09:00 GMT