Global Price Watch
Dec 03, 2009 | 10:38 AM
Chinese hot-rolled coil and plate offers around $45 per tonne higher than a month ago have turned South Korean importers into cautious buyers, trading sources said. Hot-rolled coil export quotes have risen to $525 to $535 per tonne c.f.r. from $480 to $490 in late October, and plate export quotes are $535 to $545 per tonne c.f.r., up from $490 to $500.
"There is actually little profit margin on imports," a Korean trader said. "Although import prices are likely to rise further, most potential buyers won't accept the updated price, taking into account the seasonal downturn in the domestic market." At the same time, higher stocks in Korea are hindering imports. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.