Global steel prices moved in a narrow range in January 2024 m-o-m, showed data maintained with BigMint. Chinese HRC offers dropped by a mere $1/t to $574/tonne ($575/t in December, 2023). Japanese HRC offers upped by $7/t to $610/t ($603/t) while Indian mills refrained from offering over October-December but resumed at $601/t, which was higher from September 2023’s $580/t. Black Sea billet export offers rose $3/t to $512/t ($509/t) while Turkiye’s rebar rose around 2% to $615/t (604/t). All prices were on FOB basis. In raw materials, Fe62% iron ore fines, CFR China dipped by $1/t to $135/t ($136/t, while the premium HCC coking coal from Australia, CFR India, rose $3/t to $347/t ($344/t).
