Asian markets still offer consolidation China's steel exports have increased

Chinese steel export price rose, the pressure on neighboring countries weakened.Chinese exports, China's steel exports offer up. Chinese HRC export offers to Vietnam rose.

With ore price rise and the domestic market stabilized in recent Chinese SS400B/3-12mm HRC offers to Vietnam in late June by the 500-505 U.S. dollars / ton (CFR) rose to 525 U.S. dollars / ton (CFR), SAE1006/2mm boron volume quotations from the same period 515-520 U.S.

dollars / ton (CFR) rose to 525-535 U.S. dollars / ton (CFR). Buyers have little interest, mainly the local market is the rainy season, the weak end demand, the market expects prices will soon face callback.

Chinese exports to Southeast Asia spiral offer up. China BS4449/16mm above boron steel exports to Singapore at 500-515 U.S. dollars / ton (CFR), and in mid-June offer 495 U.S. dollars / ton (CFR), the actual transaction 480-485 U.S. dollars / ton (CFR); SAE1008/6.5mm boron wire rod offers to Vietnam by the end of June of 500-505 U.S. dollars / ton (CFR) rose to 515-520 U.S. dollars / ton (CFR). Calm market purchases, buyers adequate inventory, the new offer short-term or difficult to stabilize.

In India, the hot coil market weakness. Despite the rupee depreciation has repeatedly considered the steel price increases, but sluggish demand resulting buyers strongly resisted prices. India's ex-factory price of hot rolled basic maintenance 33750-34250 rupees / tonne (U.S. $ 558-566 / t), large orders transaction price down to 33,000 rupees / tonne ($ 545 / t). Recent heavy rains in northern India brought successive disasters such as floods and landslides caused great damage to local buildings, but is expected to boost demand for hot coil is limited, the market prospect is still in the doldrums based, short-term hot coil market in India will remain weak.

In Korea, H beam market buoyant. Although three quarters of end-user demand is not optimistic, but given the scrap price stabilization, summer brownouts and steel mills overhaul impact on yield, modern steel price increases following the June 1-2 ten thousand won / ton (U.S. $ 9-17 / t) after consider once again raised the H-beam prices in July, amplitude or 10,000 won / t ($ 9 / t). This increase is expected to market the feasibility of large mills, the late South Korean H-beam prices or stable and inflation.

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Asian markets still offer consolidation China&#039;s steel exports have increased

Asian markets still offer consolidation China's steel exports have increased

Asian markets still offer consolidation China's steel exports have increased