The growth rate of steel market in Asia slowed down

The growth rate of steel market in Asia slowed down. The market price of flat steel materials continues to rise. In Vietnam, the price of imported hot rolled steel coils varies. At present, the price of imported 2-3mm re rolling grade SAE1006 hot rolled steel coil and similar products from China is 430 US dollars / ton (CFR), which is 8-15 US dollars / ton higher than the previous price. The prices of Korea, India, Turkey, Taiwan and Taiwan are respectively US $475-438, US $435-438, US $430-440 and US $445-450, respectively, which are slightly higher than the previous prices.

However, some Vietnamese traders said that the price of imported hot rolled steel coils offered by Vietnamese Buyers was only $425 / ton (CFR), far lower than that of the importing countries. However, the price of iron ore has risen recently, and the market expects that the price of imported hot rolled steel coils from Vietnam will also rise in the later period.

In Japan, mainstream steel mills have indicated a significant increase in the number of orders in the past few weeks. The export hot rolled steel coil price shipped in July is 440-450 US dollars / ton (CFR), 20-30 US dollars / ton higher than the price in June, and the price of hot rolled steel coil delivered in August will be increased to 470-480 US dollars / ton (CFR).

In South Korea, the ex factory price of SPHC 4.5mm hot rolled steel coil is 1.06 million won / T, the ex factory price of SPCC no.11.0mm cold rolled coil is 1.18 million won / T, and the ex factory price of SPGC 1.2mm galvanized coil is 1.28 million won / T, which is the same as the previous price.

As of June 12, China's main export quotation for SS400 3-12mm hot rolled steel coil is 455 US dollars / ton (FOB), 10 US dollars / ton higher than the previous price. The average export price of SPCC 1.0mm cold rolled coil is 515 US dollars / ton, up 15 US dollars / ton. The main export price of dx51d 1.0mm hot-dip galvanized steel coil is 565 US dollars / ton (FOB), up 15 US dollars / ton. The import price of ASEAN hot rolled steel coil is 433 US dollars / ton (CFR), up 5 US dollars / ton.

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