Major Japanese mill raises offer for HRC shipments to Asian buyers

A major Japanese steelmaker is looking to raise its offers for March-shipment hot-rolled coil to its buyers in Asia by $30 per tonne.

It plans to offer March-shipment cargoes at $560-570 per tonne cfr to Vietnam and other countries in Southeast Asia.
"Asian steel mills are likely to increase their offers after the Lunar New Year holiday due to their bullish outlook for the market in February and March," a source at the Japanese mill said on Wednesday January 29.

This is based on an expected seasonal recovery of demand in many parts of Asia,...

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