China’s Rizhao Offers Price Increase of HR Coils by $5 for Dec Shipment

摘要

According to information obtained by a source, China’s Rizhao Steel commenced on 14th export negotiations for December shipment and is likely to have raised its offer price by US$5 from the previous month. Rizhao cut its prices of hot-rolled (HR) steel coils twice to $510 FOB in negotiations for November shipment in late September before the Anniversary of the Founding holidays. Therefore, its starting price becomes $515 FOB for December shipment.