Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
On January 12th, the United States and Britain launched a joint attack on the Yemeni Husai armed forces, leading to further escalation of conflicts in the Red Sea region and continued pressure on freight costs. In addition, the month on month increase in mainstream export quotes from China has driven up the overall import prices of South American sheet materials this week. In this context, Brazilian DX54D+AZ steel National Steel Company (CSN) announced a price increase of 5.00-6.25% for hot coils, cold coils, and hot-dip galvanizing starting from mid January. Considering that China's DX54D+AZ steel exports to Brazil may decline this year, the company expects its profit margin to begin to rebound and local market prices to further increase.
On Friday, we evaluated the mainstream import prices for South American DX54D+AZ steel hot coils to be $640-680 per ton of CFR, for cold coils to be $730-750 per ton of CFR, and for hot-dip galvanizing to be $740-770 per ton of CFR. The prices increased by $10 per ton, $30 per ton, and $10 per ton on a weekly basis, respectively.
