Recently, SteelMint has learnt from its market sources that Posco Maharashtra has raised the CRC export offers this week by USD 15-20/MT.
Current CRC export offers from India are being assessed at USD 545-550/MT, which was at USD 530/MT last week,FoB India basis. The prices have surge remarkably owing to higher cost of coking coal and iron ore prices.
Despite rise in prices, India’s CRC export sales from Jan-Oct’16 increases by 53% and stood at 0.72 MnT as compared to 0.47 MnT in corresponding period of previous year.
Global Offers
China’s CRC export offers are hovering in the range of USD 535-545/MT, FoB China. Market sentiments in China are quite volatile as the domestic market looses its strength. Therefore, overseas buyers are expecting a fall in export prices. No major deals are heard in the market.
CIS- Origin CRC export offers have rose by 24% from past month and has set the highest record. Current offers are heard to be in the range of USD 540-541/MT,FoB Black sea.
Although CRC import offers from UAE are in the range of USD 545-550/MT
HDG (Hot dipped galvanized offers)
HDG export offers have also jumped by USD 30-40/MT this week Last month export offers of HDG are assessed in the range of USD 650-660/Mt,Fob India.
China’s HDG export offers are heard to be in the range of USD 610-620/MT, Whereas imports from UAE are assessed at USD 610-620/MT.
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