11
Dec
12:13
Benxi cuts export offers
China’s Benxi Iron and Steel (Bengang) has cut its hot rolled coil export offers by $10/tonne this week, following the trend in the spot market. Its offers remain well above market prices, however, Kallanish notes.
Bengang’s new base HRC offers are at $495/t fob. In Vietnam, however, base grade HRC from another northern mill has reportedly traded at $490/t cfr. Buyers are now bidding at around $480/t cfr for re-rolling grade HRC on a 50% 2m…
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Anonymous
Very good overview of the weekly steel market.
Anonymous