We trust you are well. We would like to inform you lasted steel market move of our study on this week for each area.
Japan & Asia
Japan – Japan’s H2 grade scrap prices increased another 1,000 - 2,000 Yen/M (US$9-19/T) over the past week to push scrap price reach again highest level of this year at 40,000 Yen/T (US$377/T).
Asia –The prices of iron ore and coke in China are soften, but the prices of major steel products including rebar, HRC and billet saw signs of strengthening over the past week.
Europe & America
Europe – New offers for HRC were heard at €800/T ($962/T) ex-works, up by €50/T from previous offers at €750/T ex-works.
North America – The price of HRC in the US rose again, established the new record high. The HRC index FOB mill US was calculated at $1,254/short ton ($1,379/MT) on Tuesday March 2, up by 2.48% from one week.
Central & South America – Brazilian steel maker Companhia Siderúrgica Nacional (CSN) aim to increase of domestic HRC and CRC again for March, after raising prices by around 15% in February.
We are pleased to support you as always.
