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Asia, Japan
Asia – Taiwanese steel producer CSC announced on March 12 to raise prices of flat steel products by $16/MT for April sales and prices for major flat and long steel products in 2nd quarter will be up $70-105/MT compared to 1st quarter amid strong demand from buyers and higher production costs. In the same trend, Vietnamese steel maker Formosa Hatinh Steel increases its HRC offer by $45/ton for May shipment.
Europe
Europe –The price of domestic HRC in Northern Europe raised further due to limited supply. The price increase about €50/MT in one month to reach the range at €780 – 800/MT ex-works on March 11. Meanwhile, the price of imported HRC from Turkey or Russia to Europe also increased by $50/ton to each to $850-900/ton CFR Antwerp.
America
North America – The US domestic HRC prices continue to go up and hit historic high at $1,285/short ton ($1,413/MT) FOB on March 12, increase by 2.7% in one week. In the same period, the crude steel production in the US up by 0.34% with total 1.75 million ton was produced and the average capacity utilization rate at 77.5%.
Central & South America – The export price of Brazilian steel slab increased another $20-40/MT to reach $760-800/MT FOB on March 12 due to strong demand from US buyers.
- Category:
- Steel Market Move
- Keyword:
- HRC price