2021.07.08

U.S.A HRC price keeps high level - Steel market move.21.07.08

U.S.A - HRC price was at US$ 1,935/MT level on July 02, increased by 3.5% in one week. The price keeps high because of increasing demand and continuing shortage of supply on the US market.

China - Vietnam

CHINA - Shanghai area HRC price comes US$ 855/MT level and up around US$10/MT than previous week and domestic market price up slightly. The HRC price increase is driven by the surge of iron ore future price. 
 
VIETNAM - Buyers are waiting for a new price offered from local steel producers this week so the imported HRC to Vietnam is reduced by $10-$20/MT one week.
HRC from Russia was transacted at the price of US$870/MT CFR last week with limited quantity, the cheapest in the market, while HRC from China was offered at US$930/MT and HRC from India was offered at US$950/MT CFR Vietnam. 
 

Europe

EUROPE - Domestic HRC price down to EXW EUR 1,150/MT (US$ 1,364/MT), less US$ 49/MT than previous week in Northern Europe. Southern Europe HRC price down to EUR 1,120/MT (US$ 1,328/MT), less US$33/MT than previous week. Trading activity was slow because buyers were holding back from making new deals while assessing the market trend.
 

U.S.A.

U.S.A - HRC price was at US$ 1,935/MT level on July 02, increased by 3.5% in one week. The price keeps high because of increasing demand and continuing shortage of supply on the US market.
 
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U.S.A HRC price keeps high level - Steel market move.21.07.08