Posted on 12 Mar 2008
It is reported that export offer for HRC steel coil are
still on increasing trends despite weakening of domestic market prices. As per
report, the highest quotation for commercial HRC has jumped to USD 860 per
tonne to USD 870 per tonne FOB and other prevailing offers are at USD 840 per
tonne USD 850 per tonne FOB.
Steel mills told Mysteel that there are more enquiries than
export allocation and the lowest acceptable contract price is USD 830 per tonne
FOB. Supply is said to be tight and export prices are expected to approach USD
900 per tonne FOB in the end.
A
(Sourced from MySteel.net)
