Imports of Hot Rolled Coil Declined In Southeast Asia

INTERNATIONAL STEEL MARKET WEAKNESS

According to reports, as the international steel market weakness, Southeast Asia, imports of hot rolled coil price continued to decline.

Recently in the latest two weeks SS400B/3-12mm hot rolled price fell from U.S. dollars / ton to 550-560 U.S. dollars / ton. Compared with February, a drop of 70 U.S. dollars / ton.

With steel coil prices continued to fall, the general downturn in market confidence, buyers worried about the prices will further decline, therefore little new orders, but also due to the decline in steel prices is too large, the phenomenon of importers breach of contract to increase in the short term the steel market improved hopeless.