Posted on 17 September 2007

 

Source: Steelguru- 15 Sep 2007

YIEH reported that the global HR product is expected to be hot in the future. The reason is that not only Russia's steel mills but also Brazil and Russian steel mills insist to offer high price on slab. 

Because the export price is getting higher globally, Brazil steel mills strongly insist that the slab's export price in the Q4 of 2007 should be at least USD 500 per tonnes FOB equal to USD 580 to USD 590 per tonnes by Taiwan's freight standard.

Inspired by the trend the export price from Russia to Taiwan rises to around USD 600 per tonnes CNF in this week. However, the hot rolling mills are hesitating to accept the high price.

 

 

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