Major Japanese mill hikes July-shipment HRC offers amid surging markets

A major Japanese steel mill has increased its offer prices for July-shipment hot-rolled coil amid surging spot market prices.

The unnamed mill is now offering HRC for export to Southeast Asian buyers at $1,100-1,150 per tonne cfr and at $1,200 per tonne cfr for buyers in other regions such as the United States and Europe.
This is an increase of $100-150 per tonne from its last transacted deals.

The steel mill had concluded transactions for June-shipment HRC at $1,000-1,020 per tonne cfr Southeast Asia, and at...

Published

Paul Lim

May 12, 2021

08:18 GMT

Singapore