It is reported that China has increased HRC export to Vietnam by USD 30 per tonne to USD 50 per tonne. The present quotation goes at USD 630 per tonne to USD 650 per tonne CFR yet transaction price remains to be USD 580 per tonne to USD 600 per tonne CFR.

As per report, with the rising cost of raw material and international market price after Spring Festival holiday, China pushes up its HRC export offer to USD 570 per tonne FOB and the price even goes as high as USD 600 per tonne CFR in India and South Korea.

(Sourced from MySteel.net)
Visit www.Mysteel.net for real time access to China steel news