China:
The downtrend in China’s HRC export prices continued this week as prices have registered a further fall of USD 5-10/MT against last week. Current offers for HRC from China are being heard at USD 370-380/MT,FoB China.
However, with National Day holiday week starting in country from Sunday, 30 Oct’16, no major deals have been heard and market remained muted throughout the week.
China’s CRC (1.0mm SPCC) offers are being heard at USD 440-445/MT, FoB China.
India
India’s flat steel offers have remained unchanged this week with no major deals being heard. HRC export offers are assessed at USD 415-420/MT while CRC offers stood at USD 470-480/MT.
CIS countries
CIS origin HRC offers continued to prevail in the range of USD 380-400/MT and CRC offers are being assessed at USD 430-440/MT,Fob Black Sea. Prices in CIS countries have also remained stable this week in both domestic and overseas market.
Japan/Korea
Japan/Korea HRC export offers are hovering in the range of USD 430/MT while CRC offers are at USD 530/MT, FoB basis. Only recently, Japanese steel giant Tokyo Steel has declared that it will slash its flat products prices by 13% for October month amid soft local demand and weakening overseas prices.
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