Ex-China HR strip offer to S. Korea

Monday, 12 February 2007 09:44:39 (GMT+3)   |  
       

China origin 2,500-3,000 mt Q235 grade 2.85-4.4 mm x 183-490 mm x C size hot rolled strips with slit edge have been offered to South Korea at $490-495/mt CFR FO Pohang on actual weight basis via payment by irrevocable letter of credit for early April shipment. SteelOrbis has learned that, with the increase in China origin hot rolled coil offer prices, the offer prices of hot rolled strips have also increased. However, the buyer in question thinks that the price is too high to accept at present.

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