Price of domestic HRC in China inscrease from last week, meanwhile, domestic rebar drop compared one week ago due to weak demand. Domestic prices for HRC in Northern Europe Ex-work mills on Feb 08th, increase from the previous week. Vietnamese imported HRC price on Feb 06th, an increase compared one week previous.
Let us support and share with you in this blog for your business decision during this up-trend market around the world starting the motivation year 2023.
China
Price of domestic HRC in China at Yuan 4,100/t ($604/t) on Feb 07th inscrease Yuan 10/t ($1/t) from last week. China's HRC export offer at $620/t FOB China port, decreased by $35/t from previous week. Meanwhile Domestic rebar at Yuan 4,035/t ($600/t), drop by Yuan 95/t ($10/t) compared one week ago due to weak demand.
Japan
Japanese scrap export prices at JPY 53,362/t ($409/t) FOB on Feb 09th, raise up JPY 862/t ($11/ton) from the previous week. Meanwhile, Domestic scrap prices at JPY 53,500/t ($410/t), increase by JPY 1,500/t ($19/t) after one month.
Europe
Domestic prices for HRC in Northern Europe at EUR 758/t Ex-work mills on Feb 08th, increase EUR 28/t from the previous week. Price for HRC in Southern Europe at EUR 752/t Ex-works mills in Italy, decrease EUR 22/t with previous week. Meanwhile Import HRC from Asia & India at EUR 735/t CFR for April shipment.
America
HRC price at $913/MT ( $830 per short ton) on Feb.07th, an increase of $41/MT ($38 per short ton ) from the previous week. Meanwhile, CRC's price at $1,056/MT ($960 per short ton), raises up $11/MT ($10 per short ton).
Scrap price in Mexico at Peso 9,500/MT ($506/MT), raise up Peso 200/MT ($11/MT) from the previous week because of strong demand. Meanwhile, slab export price in Brazil at $735/t FOB main port Brazil, increase $20/t from one week earlier.
Viet Nam
Vietnamese imported HRC price at $700/t on Feb.06th, increase $30/ton compared one week previous. Meanwhile domestic HRC price at $652/t CIF HCM for March & early April sales. Export Billet price at $630/t, raise up $20/t compare with last week. Other hand, domestic rebar price at $678/t, increase $18/t from earlier week.
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