Major Japanese mill plans more price increases for HRC in Q4

A major Japanese steelmaker is planning more price increases for its hot-rolled coil exports amid limited supply in Asia, a source close to the mill told Fastmarkets this week.

Steelmakers in China remain heavily focused on satisfying domestic demand and have not been actively exporting HRC in the past 3-6 months.
“Demand in China remains strong and many steelmakers are still running at high operating rates. Inventory levels also remain stable,” the source said.

Key Indian suppliers have also started to decrease their export volumes due to recovering domestic demand in India, although the Covid-19 pandemic remains a swing factor in...

Published

Paul Lim

September 21, 2020

08:30 GMT

Singapore