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- steel for welded tubes
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- weldable normalized fine grained pressure vessel steels
Asian steel market consolidation to the good
Asian steel market consolidation to the good
Steel price increases wrestling with end demand, the Asian market correction to the good.
In Vietnam, HRC import market calm. With the ore price and the international steel market prices, Vietnam HRC import offers strong, but very few transactions.
Now China boron volumes reported 565-580 U.S. dollars / ton (CFR), than in July rose in early trading price of 30-40 U.S. dollars / ton (CFR); Indian resources at $ 575 / ton (CFR), up 35 U.S. dollars / ton (CFR); Japan resources offer $ 580 / ton (CFR), up 15 U.S. dollars / ton (CFR). Expected short term will continue rising volume trend.
In India, the hot coil market stable. Despite the rupee depreciation, import pressures eased, but above normal rainfall during the rainy season this year, India's sluggish demand hot rolled, steel price increases has been no development. Current local HRC price remains 33750-34250 rupees / tonne (572-581 U.S. dollars / ton). Steel market is expected in August or further round of price increases in order to promote market acceptance of price increases, but due to positive India Tokachi section 9,10 demand recovery may be difficult now, is expected in the next few months the market will consolidate India's run hot rolled .
In Korea, the hot coil market consolidation operation. Modern steel supply due to significant increase in recent Korean HRC market continues to decline, the local price of hot rolled 72-73 ten thousand won / ton (642-651 U.S. dollars / ton), compared with the end of June fell 10,000 won / t ($ 9 / t ). Hyundai Steel plans to raise August price of hot rolled 30,000 won / t ($ 27 / t), achieved mainly through the reduction of discounts, said Posco is also considering price increases. However, in view of the terminal needs no signs of recovery in the short term or Korean hot coil market continued consolidation.
In China Taiwan, rebar market steady. A week ago the steel price increases, the downstream buyers wait concentrated, on Zhoufeng Xing steel and basic specifications Haiguang company rebar prices stable at NT $ 17,300 / ton and 16,700 NT $ / ton. As the rainy season weak end demand, steel prices to rise underpowered, short-term Taiwanese rebar market or remain stable.
In Japan, building long steel market trend up. As domestic demand robust construction, combined with the international steel prices and higher raw material prices, the Japanese steel mills have raised prices of long products used in construction, ranging from ¥ 3,000 / t ($ 30 / t). Tokyo is currently the basic specifications of the steel market price remained at 7.0-7.1 ten thousand yen / ton (699-709 U.S. dollars / ton), rebar maintained at 6.0-6.1 ten thousand yen / ton (599-609 U.S. dollars / ton). Since end demand and steel production are price support, construction steel market in Japan is expected to post stable and inflation.
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