After the resumption of business activity in China following the Golden Week and National Day holidays, import hot rolled coil (HRC) prices in Pakistan have been trending up.
Accordingly, this week ex-China SS400B HRC offers to Pakistan have settled at $530/mt CFR, while SAE1006 HRC offers have been voiced at $540/mt CFR. All the material is destined for end of December shipment. Meanwhile, as SteelOrbis reported earlier, before the Chinese holidays, Pakistan’s customers booked small lots of SS400B HRC at $515-518/mt CFR Karachi.
South Korean producer POSCO is targeting $550/mt CFR Pakistan, although most market participants have expected that the new offers will hardly be higher than $535-540/mt CFR. Japanese and Taiwanese HRC suppliers are expected to follow the same price policy.
Meanwhile, Pakistan’s HRC customers are not in a hurry to accept higher offers, though demand is still relatively high. “Pipe makers expect that Chinese HRC prices will be reduced next week, and so a wait-and-see policy is adopted”, a Pakistani source commented.
SteelOrbis has been informed of the most recent booking of about ex-Ukraine 25,000 mt of HRC at $490/mt CFR Karachi, done a week ago.
HRC suppliers to Pakistan target higher prices
Anastasia Kononenko
EditorI hold a Bachelor's degree in Journalism and Economics from Oles Honchar National University in Ukraine. I have 15 years of experience in the steel media industry, including the past seven years at SteelOrbis, where I lead the Market Intelligence team responsible for coordinating coverage of Asian steel and raw material markets. My areas of expertise also include global markets for billet, slabs, pig iron and HBI, with a focus on market analysis and industry trends.
Marketplace Offers
Hot Rolled Coil
Thickness
2 mm
Width
1,500 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,200 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,000 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Similar articles
Pakistan's import HRC prices rise amid higher freight costs despite muted buying interest
11 Nov | Flats and Slab
Import HRC prices in Pakistan soften just slightly, some suppliers still expect higher levels
16 Sep | Flats and Slab
Import HRC prices in Pakistan rise a little further in rare deals, uptrend may stall
03 Sep | Flats and Slab
Recovery in import HRC prices in Pakistan confirmed in deals with Chinese origin still in focus
28 Aug | Flats and Slab
Pakistani HRC importers accelerate ex-China purchases as low prices re-emerge
14 Aug | Flats and Slab
Pakistani market sees some rises for low-priced Chinese HRC, stronger pressure on other HRC origins
17 Jun | Flats and Slab