Import And Export Prices Of Hot-rolled Coils in India Fell

 On January 5, prices for European Hot rolled steel coil remained constant as market participants continued to watch and wait in the absence of many domestic or imported offers. North European Hot rolled steel coil was rated unchanged by Platts for the day at EUR 700/mt ex-works Ruhr. The minimum price level for January trading was usually thought to be Eur700/mt ex-works, while mills are apparently mulling higher prices given the robust restocking activity in December. The buy-side is still worried that increases are not fundamentally underpinned, though. Although it’s acceptable to be bullish, a distributor noted that this price...

500,000 tonnes worth of cargo will be moved this year. He continues by saying that HBIS Serbia does not completely rule out a rise in transportation volumes. In Moskalenko’s words, “securing such a contract provides the UDP fleet with stable operation throughout 2023.” “Since the tender was held among the top Danube shipping companies, the battle was not simple. UDP put a lot of effort into winning and persuaded the partners to agree to favorable conditions. This win demonstrated the complete economic justification for fleet development and modernization. The general director adds, “So this year we are devoting all our...

Buyers of HRC in the GCC are apprehensive and concerned about a price decline. Due to a sharp and unexpected price decline in the third quarter of 2022, their hands were burned, says a trader. “This time, buyers are more cautious when it comes to closing purchases.” Major Indian mills have reportedly stopped making offers as they assess how sustainable the price increase is and wait for the European HRC market to stabilize. Some are aiming for fob prices this week that are $5–25/t higher than their cfr GCC bids from the previous week. A tubemaker reached an agreement with...