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Japanese steel mills to negotiate HRC prices with customers in Middle East and South & Central Ameri
ca
11/16/2013 metal expo-metallurgy expo |
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Japanese steel mills are
going to initiate the negotiation of carbon steel hot rolled coil price for next
January with their customers in Middle and South & Central America.
It is expected those mills could up the HRC prices about
US$10~US$15/ton.
For the steel market in Middle and South & Central
America, the demand for HRC with thickness 1.2mm represents the uptrend to be
the propellant that makes Japanese steel mills to hike their prices up. However,
the up level will depend on the price offered by Chinese mills.
On the
other hand, Indian steel mills have reduced their low-price quotations to Middle
East recently. Most of them have started to surge HRC prices by US$20~US$30/ton
in domestic market and will not cut their export prices due to Rupee
appreciation.
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