After week-on-week increase in China’s flat products export offers since past one month, country’s HRC offers remained stable this Monday. Current offers for commercial grade chromium containing HRC are being heard at USD 365-370/MT, FOB China.
Currently, the country’s domestic steel market is quite fluctuating which has forced overseas buyers to go in for wait and watch mode.
HRC offers for Bangladesh from Japan are currently being heard at USD 420-430/MT, CFR Chittagong. Whereas no fresh HRC offers are heard from Korea.
CIS countries flat products offers are up by USD 15-20/MT against last week. HRC offers are currently being assessed at USD 370-380/MT, FoB Black Sea. While CRC offers are being assessed at USD 410-420/MT, FoB Black Sea.
India’s HRC offers are also unchanged at USD 390-395/MT, FoB India.
HRC prices as on 25 Jul’16
|
Particulars |
Prices in USD/MT |
| FoB China | 365-370 |
| FoB Black Sea | 370-380 |
| FoB India | 390-395 |
| CFR Bangladesh from Japan (prime quality) | 420-430 |
| CFR Turkey from Russia | 380-390 |
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