Chinese HRC Export Offers Stable Amid Festival Holidays
Chinese HRC export offers remained stable early this week on account of Dragon boat festival holidays. Currently HRC export offers are prevailing in the range of USD 440-450/MT, FoB China. Last week the offers were heard in the same range.
Meanwhile prices of HRC in domestic market are heard in the range of RMB 3,210-3,240/MT including VAT & other taxes.
Indian HRC export offers at around USD 460-470/MT, FoB
HRC export offers for July shipments of major Indian steel players like JSW and Essar Steel are hovering around USD 505/MT CFR Europe which is equivalent to USD 470/MT FoB India. However offers for Vietnam are at USD 480/MT CFR Vietnam,which is equivalent to USD 460-465/MT FoB India.
CIS-Countries HRC Market Stable Over Slack Demand
CIS countries HRC export offers continues to remain stable this week owing to dull and slow demand spread in the market.
Currently HRC export offers are prevailing in the range of USD 430-440/MT, FoB Black Sea. Some bookings have made in the range of USD 465/MT, CFR Egypt.
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