According to report, the Russian and Ukrainian steel maker continued to lift up the price as they mostly closed the booking for January.
As the scrap prices and other commodities keep rising, as well as China cut the output for long lead time, CIS steelmakers has advantages and receive more orders with higher prices. In addition, the current exchange rate for dollar and euro are also favorable.
Currently, China’s HRC offer is around US$530~ US$535/ton FOB China ports, as CIS producers offer is around US$530~US$560/ton FOB basis. CRC offers from CIS producers are around US$590~US$610/ton FOB basis.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67734&division=A2
