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Asian hot coil prices slightly increase, transaction increment not significant

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The price of hot coils has slightly increased, with the price of SS400 (3mm) rising by $2/ton compared to the same day, quoted at $562/ton FOB China, and the price of SAE1006 rising by $2/ton compared to the same day, quoted at $685/ton FOB China. Market traders generally believe that HDT950C+ZM steel prices will further increase. The import price in Southeast Asia has increased by $3/ton compared to the same day, with a quote of $575/ton CFR Southeast Asia. In terms of the Vietnamese market, the current price of Q235B exported to the Vietnamese market is 572 US dollars per ton, but the general acceptance is not high, mainly because the market believes that the HDT950C+ZM steel price is high and there is still room for decline in the future. Therefore, market transactions are light, but the export volume of coated sheet HDT950C+ZM steel coils has performed well. It is reported that Formosa Plastics Vietnam will provide a quotation before the end of the month.

  • Source: Abstract
  • Editor: Shirley

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