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November 25th, 2009 Leave a comment Go to comments

Plate Japan

Japan provided $ 850 price target offers CNF in Asia for beams

TEX reported that a leading Japanese integrated steel is considering setting the target price at USD 850 per tonne CNF in H beam and piling exports to Asian destinations, mainly China, in June and July shipments in the negotiations of the export business is expected to begin soon. The company has already negotiated some of its exports to China of piling on around USD 840 per tonne CNF for June shipments. As a result, it is likely that the company will seek a higher price level of USD 900 per tonne CNF leaf exports for July shipments.

In Asia, the transaction prices of various steel products (such as steel steel piling strut channel) are soaring after it has become apparent that the prices of raw materials will significantly advance of April onwards. Until recently, prices of steel products such as entrees stood at a low level. At present, however, even the prices of the highlights of the border shipbuilding USD 800 per tonne FOB for shipments outside of Japan to South Korea. It was once considered difficult for a price increase will come into force in Japan Korea offers heavy plates.

In the current circumstances, Japan's exports of steel piles and beams must reach appropriate price of at least USD 850 per tonne CNF, a price level that is commensurate with prices ranging from other steel products (eg, c steel channel, steel channel u), believe Japanese parties concerned. As a result, no Japanese exports of steel piles and H beams are made for items June unless the price is agreed to USD 850 per tonne CNF or beyond.

So far, an agreement on prices of USD 800 per tonne CNF has been the standard of exports a manufacturer of integrated Japanese steel sheet piling to Asian destinations. In China, construction is running a series of sports facilities in the southern provinces coastal regarding the Asian Games in Guangzhou to open in November 2010.

Consequently, the local demand for sheet pile is growing, in which The company supplies about 5,000 tonnes are already under contract for June shipments. Also negotiated the price of steel piles in all sizes is said to have reached just under USD 850 per tonne CNF.

Meanwhile, an appropriate price increase is slow to take hold in regard to exports beam H by a Japanese integrated steelmaker in South Korea. Have an impact on local populations when H beam at a high level on the impact of imports of H beam of China. China's import arrivals amounted to 80,000 tonnes in March 2010 and is expected to total about 40,000 tonnes in April 2010. As South Korea's Hyundai Steel Co is concerned, the company has increased its domestic sales price of beams by KRW 50,000 per ton to 910,000 won per ton. At the same time, the company is said to have abolished Bulk Won KRW 50.000 to 100.000 per tonne. Still, local steel manufacturer is not necessarily have accepted all of the H beam steel price increase from Hyundai. As a result, continued operations of H beams are reported at KRW 860,000 per tonne.

In this sense, prices range from approaching USD 800 per tonne CNF having topped USD 780 per tonne CNF in Japan and South Korea, exports H beam to destinations in Asia, market observers say.

source: news njwanze

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