FOCUS: Asia HRC markets seek bright spots after price falls ease

摘要

Asia’s hot-rolled coil markets are now seeking bright spots after price falls in the region eased. Prices have rebounded in the past week in the key regional market China of while the monsoon season in India is approaching its end. “It is possible that the price drops have stopped and the bottom has been reached,” a buyer source in Vietnam told Fastmarkets on Friday September 13. Supply of Indian HRC has fallen in Asian markets because Indian steel mills had sold out their material or were reducing operating rates, a HRC trader in Singapore said. “The monsoon season is also expected to [ease] soon,” the trader in Singapore said.