News Room - Steel Industry

Posted on 21 Dec 2007

Japanese steel makers settle HRC export prices

It is reported that the negotiating meeting between Japanese blast furnace mills and long distant countries is going to the end and the FOB price for HRC is concluded as USD 590 per tonne to USD 600 per tonne.

Although buyers consider this price higher than expected, they still compromised and signed the supplying contracts with Japanese furnaces due to the global tight availability of HRC.

It is expected that the delivery price to Latin American market from Japanese blast furnace mills will be around FOB USD 540 per tonne in January, and it will reach even more than USD 600 per tonne in February and March.

The price negotiation for mid seasons after April between South Korean buyers is estimated to be held in January, 2008. Prices are predicted to be raised by around USD 150 per tonne.