January 2012 | Coated Steels
Japanese demand supports price increases: Asian Market Highlights
Exports to the USA increase as other buyers sit out of the market.
Prices in Asia for hot dipped galvanised material have, for the most part fallen in January on a month-on-month basis. Chinese domestic material fell from $791/tonne to $776/tonne; this represents an 8% decline year-on-year in what was the beginning of a year’s worth of price slides, however, China still remain a dominant player in the coated markets. Japanese mills have been able to increase prices on a month-on-month basis as demand remains steady, prices have picked up from Decembers level of $1,191/tonne to this month’s price of $1,321/tonne.
Indian mils have also been able to increase their prices this month. Hot dipped galvanised material is now changing hands at the $873/tonne, up from December’s price of $838/tonne, prices still remain depressed when compared year-on-year with a 4% price decline. Export prices have all risen across Asia with the exception of...
ACCESS RESTRICTED
You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.
SUBSCRIBE
Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.
Subscribe