Slab import prices in Asia up on rising offers, HRC recovery

Import prices for steel slab in Southeast Asia and East Asia widened upwards over the past week as suppliers increased their asking prices amid a sustained uptrend in the price of HRC.

But market participants questioned whether these hikes will be accepted by buyers
“It is unlikely that re-rollers can accept the hiked prices given the narrow spread with regional HRC prices,” a trader in Taiwan said.

HRC prices in Southeast Asia’s main import market in...

Published

Lee Ken Kiat

December 02, 2019

10:02 GMT

Singapore