Bangladesh based steelmakers are actively booking HRC from Japan. Imported HRC offers to Bangladesh from Japan witness decline by USD 5-15/MT on weekly basis.
Recently market sources shared with SteelMint that in the beginning of the week steelmaker based in Bangladesh has booked around 10,000 MT of HRC (1.8-2 mm) from Japanese based steel firm for August shipments. The deal price is heard around USD 655/MT CFR basis.
Last week Bangladesh based importer had booked around 20,000 MT HRC (1.8-2 mm) from Japanese based steel firm for August shipments in the range of USD 660-670/MT CFR basis.
Imported HRC offers from China move down slightly – Imported HRC offers to Bangladesh inched down by USD 5/MT on weekly basis.Chinese HRC export offers remain soft since last few days amid fluctuations in domestic prices.Also imposition of USA tariffs on Chinese products has kept the HRC export offers remained firm.
Major mills in China are offering HRC ( 1.8 – 2 mm) to Bangladesh at USD 650/MT CFR Chittagong.However bids were on lower side which is around USD 640/MT CFR basis.Thus no major deals have been concluded yet.
Last week the price assessment for imported HRC from China stood at USD 660/MT,CFR basis.
Major Bangladesh steelmakers in discussions for buying HRC from Vietnam –According to recent market sources,major Bangladesh steel mills are in discussions with Vietnam’s domestic producer Formosa Ha Tinh Corporation to export HRC. Thus mills in Bangladesh are in discussions to book HRC on monthly basis. However no deal has been concluded yet.
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