Chinese Reinforced Steel Price Offers Stable

Asian steel market deals seems quietly, Chinese reinforced steel price and steel coil, billet, wire price keeps steady.
Due to a slight rebound in the domestic market of the Chinese steel price, Chinese export steel price is going steady. Foreign buyers continue to wait and see, and there is not much inquiries.

Chinese Hot rolled steel coil price:

Asian hot rolled steel coil contract price reduced to the lowest point. Chinese general carbon steel coil export price offers 475-480 dollars per ton(FOB). Korean buyers hope to buy at a low price, Southeast Asia still give a lower price. Cold rolled steel coil raw materials exported to Vietnam offers 480-490 dollars per ton(CFR). While, India and Taiwan(China) offers 500-515 dollars per ton(CFR).

Chinese Reinforced Steel price:

Asian reinforced steel market keep going steady, most of the buyers keep the attitude of waiting. Chinese mainly exported price is about 480 dollars per ton (FOB, real weight), Turkey steel materials to Southeast Asia offers price at 445 dollars per ton(CFR).

Asia Steel Billet price:

Southeast Asia steel billet import market is quietly, buyers considered that price will continues to reduce. So they will not buy now. Chinese mainly price offers at 440-450 dollars per ton(CFR), Vietnam steel billet delivery to Philippine offers 430 dollars per ton(CFR).

Chinese Steel wire price:

Asian steel wire contract price is going weak, Chinese steel billets offers at 470-480 dollars per ton(FOB), due to the domestic price rise up slightly, a few of traders offers increased slightly, price at 475-485 dollars per ton (CFR) to Vietnam, but there is a big difference than the buyer’s target price, so orders are less. Philippine import market still very quietly, even no request. Buyers from South America and Africa have some requests.