19
Aug
10:44
Chinese HRC export offers high as mills withdraw
Chinese mills are focussed on the stronger domestic market and so are unwilling to negotiate on their hot rolled coil export offers, traders say. Benxi Iron and Steel (Bengang) closed its export order books entirely last week but buyers outside China were still under no pressure to make deals, Kallanish notes.
SAE1006B 2mm HRC was still being offered at around $400-405/tonne cfr Ho Chi Minh City on Friday. But increasingly importers there were reporting it diffi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous