Major Japanese mill to raise Asian HRC offers by $50 per tonne

A major Japanese steel mill plans to raise its hot-rolled coil offers to Asian buyers by $50 per tonne on a cfr basis for January-shipment materials.

It has started offering January-shipment cargoes at $490 per tonne cfr Vietnam and other Southeast Asian markets.
The mill continues to maintain a bullish outlook for the Asian HRC market in the early part of 2020, especially on continued demand from end users.

“The price trough has already been reached and passed, and prices will only go higher from now on,” an official at the leading Japanese steelmaker told Fastmarkets. “Current market...

Published

Paul Lim

December 02, 2019

05:23 GMT

Singapore