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Jan.17.2021 1USD=6.4633RMB
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SteelHome: Southeast Asian Buyers Back to Market, While Transactions Not Increased Yet

http://en.steelhome.cn [SteelHome] 2021-01-06 17:07:17

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As SteelHome contacts introduce, seaborne steel buyers are gradually returning to market, while transactions havent been largely finalized. The current export prices of steel products are lower than that in mid and late December 2020. According to SteelHome website, private mills joined the move to lower export quotations from end of December, while leading mills have stopped the offering.

This week, medium plate export price is roughly 680-685 dollars per ton (FOB), a slight decline in transaction price. One mill located in East China quotes its HRC at 650 dollars per ton (FOB), lower than the offer quoted before New Year Holiday. The mill also introduces that it has raised the export price of H beam as its production cost has climbed up and the product was overbooked in December. The prevailing quotation of H beam is 620-670 dollars per ton (FOB).

In comparison, international steel prices keep rising. Indian mills are heard to continue to raise the ex-works prices, and the uptick in European market is ongoing. Therefore, Chinese steel products are enjoying price advantage in world market, with export shipments to be gradually warming up.

Link: SteelHome: China Steel Export Price on January 6, 2021

(To contact the reporter on this story: tina.tong@steelhome.cn or 86-21-50585733 15800777957)
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