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Asian HRC market remains uncertain-- The 21st China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
10/28/2019 金属板材展-棒材-线材展 -plate metal expo-wire expo |
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This week, Formosa Ha Tinh Steel, one of the steelmakers in Vietnam, decided to lower their price on hot-rolled coil (HRC) by US$20/ton.
However, the current Vietnamese HRC market was full of cheap HRC from India and Russia, which might encourage Formosa Ha Tinh Steel to lower their price further to stable the orders.
Not only in Vietnam, but China also faced a low demand in HRC, which might also increase their exports to balance the supply, and which would further influence the oversea market price.
No matter of Formosa Ha Tinh Steel or steel mills from Russia, the HRC profit margin in Asia was very low in the recent period, and the Japanese mills were still watching the future trend, and waiting for the rebound.
金属板材展-线材展-金属加工展-2020第二十一届广州国际金属板材、棒材、线材及金属加工设备展—全球三大金属展之一巨浪展览
-- The 21st China (Guangzhou) Int’l Plate
metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
Plate metal exhibition, Plate metal
expo,2020 Plate metal exhibition,2020 Plate metal expo, Bar exhibition, Bar
expo,2020 Bar exhibition,2020 Bar expo, China Bar exhibition, China Bar expo,
wire exhibition, wire expo,2020 wire exhibition,2020 wire expo, Metal
Processing exhibition, Metal Processing expo,2020 Metal Processing
exhibition,2020 Metal Processing expo, China Metal Processing exhibition, China
Metal Processing expo.
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