Ex-China HRC offers moving upwards

Wednesday, 08 July 2009 16:25:05 (GMT+3)   |  

SteelOrbis has been informed that Chinese origin HRC export offers given for SS400 (non boron-added) grade 3-12 mm x 1,500 mm sized material have recently increased in line with the trend in the domestic market to the level of $520/mt FOB for August shipment, including nine percent export rebate. The price exceeds the level anticipated by overseas buyers and so the current export transaction situation has slackened. Regarding the two major export destinations, it is said that South Korea may accept the price of $510/mt CFR, while Vietnam may accept $520-530/mt CFR. It is also heard that Chinese export activity in June and July has been indicating a better performance compared to previous months.

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