Flat steel market prices in Asia

Steel home data showed that in Asia and its Chinese steel market led by a strong rebound, the international steel market in May showed a "slow first and fast later", "shock" disk rising trend. Especially China to excess capacity and hit the bar stage, boost the global steel market popularity. Eloquently demonstrates the positive contribution and important role of China to the world steel industry.
According to the basic situation, combined with the operation situation prediction, the flat material market price is mixed. At present, the United Arab Emirates at the beginning of the month from the coil import price of US $460-485 / ton (CFR) US $460-470 / ton (CFR), Chinese coil to the UAE at $460-470 / ton (CFR), China Taiwan reported $485 / ton (CFR), South Korea reported $470-480 / ton (CFR), The buyer's offer at $460 / ton (CFR) declined slightly. China cold roll reported $530-535 / ton (CFR), The Chinese hot galvanized sheet is quoted at $645-650 / ton (CFR), India reported $680-690 / ton (CFR), generally remained stable. In mid May, the domestic steel market rebound effect China, Asian hot spot market prices rose slightly. Insiders said that some of China's steel mills export volume quotations increased to 430-435 U. S. dollars / ton (FOB), boosted the market sentiment, trading tends to active. Currently, Vietnamese buyers bid about $425 / ton (CFR). China cold-rolled base expect Vietnam at $440-450 / ton (CFR), buyers to bid at $430-435 / ton (CFR), Japan and South Korea offer far higher than Chinese, respectively, to 500 U.S. dollars / ton (CFR) and 520 U.S. dollars / ton (CFR). Some analysts said that China market prices rose significantly in recent days, but it seems to be a growing demand in Southeast Asia and Southeast Asia user support, procurement of India coil at the price of $420 / ton (CFR), the latter is expected to accept higher prices from the China. As a result, the market optimism has increased.