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Southeast Asian hot coil prices continue to rise, with European and American markets experiencing a slowdown in trading due to holidays

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Today, due to the strength of the Chinese JAH400W steel market, Asian hot coil prices have risen. The SS400 3mm hot coil has increased by $5/ton compared to the previous day, and is FOB China at $567/ton. 575 USD/ton CFR Southeast Asia, an increase of 3 USD/ton compared to the previous quotation. Recently, during the Christmas holiday, except for the relatively positive transactions in the South American market, the entire European and American markets are relatively calm JAH400W steel.

The SAE1006 hot coil has increased by $7/ton compared to the previous quotation, $590/ton FOB China, $597/ton CFR Southeast Asia, and an increase of $8/ton. Vietnam and Vietnam will release a new quotation in early January, with an estimated price of $630 per ton EXW, so the Chinese made SAE1006 has a relatively higher cost performance ratio. The current export quantity of coated plates is higher, and orders for March have already been fully booked JAH400W steel.

  • Source: Abstract
  • Editor: Shirley

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