September 08, 2008

Japanese HGI export price to Middle East increases

Japanese steel mills and Middle East buyers have concluded their negotiation on HDG export price at USD 1,100 per tonne FOB with delivery in June.

The price was increased by USD 50 per tonne as compared with the contract price of HDG in April and May. It is said that the CFR price of HDG has already reached as high as USD 1,200 per tonne or even higher.

However, the exports of HDG from Europe to Middle East were not much, though the demands in local Europe and the Commonwealth of Independent States were strong. Therefore, Middle East buyers are looking for Asian suppliers of HDG.

(Sourced from YIEH.com)