Japanese mill is going to start new hot dip galvanized steel price negotiation with its buyers for August orders. To compare with July, the coming inquiries for August has increased, it seems the steel market may rebound from the bottom. It is said that Japan's HGI export quantity may drop in July and Japanese mill's export offer price has cut US$30~40/MT due to the reduced hot roll material price. One market participant said because Japan's hot roll flat price will rebound from the bottom in July, it is possible that Japanese mill to hike its HGI price for August orders; therefore, people will pay attention on it.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64864&division=A2
