Asia billet market price is rising continuously. In recent weeks, major Japanese steel billet export prices rose $ 40 / ton to 580 U.S. dollars / ton (FOB), which is equivalent to 600 U.S. dollars / ton (CFR). U.S. scrap prices rose sharply since December, prompting buyers of Japanese steel billet imports Inquiry rapid increase. However, due to the expected scrap prices will continue to rise, some Asian steel mills have stopped billet export offer to stay on the sidelines.
today Guangdong local businesses offer summary
CIS billet export market continued to rise. CIS billet export prices remain strong, the export price of Russian and Ukrainian billet manufacturers rose to 590-595 U.S. dollars / ton (FOB, Black Sea), while late last month, the transaction price of approximately $ 570 / ton (FOB Black Sea). Market participants said the tight supply and increased scrap costs billet prices play a supporting role. CIS billet demand is stable, the buyer is purchasing from the Persian Gulf, Mediterranean and North Africa, but said that the Persian Gulf buyers bid remained at $ 625 / ton (CFR), about 580 U.S. dollars / ton (the FOB) World steel pipe network editing . Overall, the market remains optimistic, the buyer can accept the price this month is expected to reach 600 U.S. dollars / ton (FOB, Black Sea). CIS billet export prices began rising from mid-October, 500-515 U.S. dollars / ton (FOB, Black Sea).
increased costs due to scrap the recent international billet prices continue to climb since December or about U.S. $ 20-40 / t. Scrap prices will rise further, the expected short-term international billet market is still likely to extend gains.
steel futures weekly / monthly analysis report
, South Korea, Taiwan and the Russian supplier of billet exports in Southeast Asia offer from last week's 580-590 dollars / ton (CFR) rose to 585-610 U.S. dollars / ton (CFR), Malaysia steel mills offer rose to 600-615 U.S. dollars / ton (CFR). Traders said demand is still weak, trading volume is very scarce, and the transaction price from three weeks ago, the 570-580 U.S. dollars / ton (CFR) slightly rose to 575-580 U.S. dollars / ton (CFR). A steel mill in Vietnam, said the current market situation, the ideal price of billet in the $ 575 / ton (CFR) world pie network information .
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