ASEAN HRC Steel Import Prices Remain Flat on Chinese Lunar New Year Holiday


ASEAN hot rolled cold (HRC) steel import prices (CFR ASEAN port) remained flat last week on Chinese Lunar New Year Holiday.

With much of Asians off to enjoy the Lunar New Year, the short working week saw TSI’s HR coil ASEAN imports index for SAE grades fall $4 a ton from previous week.

Despite the willingness of some traders closing deals before the official celebrations commencing, most Chinese producers were absent, with few offers even early in the week.

Some activities were reported – traders sold material where the opportunity presented itself, most buyers preferred to postpone April shipment bookings to the end of the holiday.