Global HRC Market Updates- Week 10, 2019

Chinese HRC export offer increases over gains in domestic market- Chinese HRC export offers continued to show uptrend amid improved buying and restocking demand prevailing among end users in China.Meanwhile increase in domestic prices also pushed export offers in upward direction.

Thus Chinese HRC export offers moved up by USD 15-20/MT on weekly basis.Currently nation’s HRC export offers are assessed at around USD 535-540/MT FoB basis.Last week the offers were in range of USD 520-525/MT FoB basis.

Domestic prices in eastern China (Shanghai) moved up by RMB 60/MT and stood at RMB 3,850-3,880/MT.

Meanwhile prices at Northern China up by RMB 40/MT and stood at RMB 3,780-3,800/MT in Northern China (Tangshan).

Imported HRC offers to Vietnam moved up from China-This week imported HRC offers to Vietnam moved up from China.Since Chinese steel mills are constantly increasing HRC export offers on weekly basis.

Current offers of HRC from China

1.HRC(SAE 1006) 2-3mm/Chinese offer - Baosteel is at USD 560/MT CFR Vietnam.

2. HRC (SAE 1006) 2-3mm/Chinese offer - Shagang Steel is at USD 545-550/MT CFR Vietnam.

Meanwhile Indian mills also raised HRC export offers for Vietnam towards the beginning of the week,later offers from few mills were heard to have put on hold.

Indian steel mills increase HRC export offers for Nepal - Indian HRC export prices move up significantly for Nepal in recent bookings concluded for end March or early April shipments.

A major private steel maker based in southern India booked around 3 rakes of HRC re rolling grade ( SPHT-2 1.60 mm and above) at around USD 570/MT CFR basis for end march shipments.

In another deal, a major private steelmaker based in eastern India has booked around 1 rake of HRC at around USD 550/MT FCA basis which is assessed around USD 570-575/MT CFR Raxaul border for April shipments.

CIS-origin HRC export offers stable this week - This week since buyers in Turkey have already restock the material for March shipments.

Currently offers are in the range USD 520-530/MT FoB Black Sea.Last week CIS nations HRC export offers remained at similar levels.

News No: 4068
Date: 2019/03/18 - 15:42
News Source: SteelMint

Global HRC Market  Chinese  export  FOB  FCA 


Leave a Comment:


India: Bulk Pig Iron Export Volumes Halve in FY'19

According to customs data maintained with SteelMint, bulk Indian pig iron export volumes have come down sharply by 50% in FY19. India has exported 221,260 MT pig iron in FY’19 as against 446,250 MT in FY’18. In the month of March pig iron exports from India recorded at 50,000 MT against nil from the previous month.

Chinese Steel Market Highlights - Week 15, 2019

This week Chinese steel prices witnessed significant increase in domestic market following hike in iron ore prices fueled by limited supply in global market.Also strong futures, improved domestic demand along with higher profit margins lead to uptrend in Chinese steel prices.

South Africa: Iron Ore Exports Down 21% in Feb’19

South Africa iron ore exports down 21% in Feb'19: South African iron ore exports in Feb'19 recorded at 5.53 MnT, down 21% as against 7.05 MnT in Jan'19. As per sources, the exports dropped amidst Saldanha port maintenance in Feb'19.On yearly basis, the exports increased marginally as compared to 5.25 MnT in Feb'18.

Vietnam Mills Books 30,000 MT HRC from Russia

Imported HRC offers to Vietnam inched up this week following uptrend in export offers from China. On weekly basis imported HRC offer to Vietnam inch up by USD 5/MT from China.

Canadian Raw Material Exports Fell in Jan'19

Trade statistics released by Canada custom shows that the iron ore exports by the country recorded at 3.19 MnT in Jan'19. The exports dropped 7 month low in Jan'19, as it was last seen in Jun'18 at 2 MnT. The exports depicted fall of 35% as compared to Dec'18 exports at 4.9 MnT.

India: Raipur Based Pellet Makers Raise Offer

Amid recently concluded pellet export deals along with decent bookings made in the domestic market, Raipur based pellet makers have raised offers today.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners