Asian HRC prices flat as market fails to gain traction

摘要

Trading activity in the Asian hot-rolled coil market remained scarce on Friday, as bearishsentiment prevailed and buyers continued to wait on the sidelines, unwilling to raise bids. S&P Global Platts assessed SS400 HRC 3 mm thick at $528/mt FOB China on Friday,unchanged day on day. On a CFR Southeast Asia basis, the same grade of coil wasassessed at $539/mt, unchanged day on day.A few Chinese mills kept offers for commercial grade SS400 coils unchanged at $530-$535/mt FOB China for May shipment. However, several mills were heard to have stoppedoffering on account of the expected change in VAT effective April 1.