GP/GC Market Overview in Week 40

India:
With surge in domestic flat products prices by INR 1,000-1,200/MT, GP/GC prices have also moved up.

Current offers for HDG (Hot dip galvanized) coil (0.8mm and above, IS 277) (are assessed at INR 42,500-43,000 (ex-works basis, excluding excise of 12.5%) and at INR 47,500/MT (ex-Delhi, including excise of 12.5%). HDG’s export offers from India remained the same at USD 730-740/MT, FoB India basis.

China:

This week, China’s export offers for HDG has remained the same against last week amid thin trading.

Current offers for 1.00mm HDG coils are assessed at USD 515-520/MT, Fob China basis. Prices for HDG coil in China’s domestic market are heard at RMB 3,950-4,150/MT (USD 590-620/MT), ex works basis.

UAE:

Demand for flat steel products in the country have remained subdued this week, thus keeping import prices unchanged against last week. Hot dipped galvanized coil (HDG) of 0.50mm thickness was offered from China at USD 540-550 per tonne CFR basis.

Japan:

Following the trend of other countries, galvanized sheet offers from Japan has also remained unchanged at USD 600/MT, FoB basis.

HDG Export Prices as on 30 Sep’16