[Hot Spot Tracking].
Today's trend of China's hot coil ** is generally stable, as of press time, Shanghai mainstream 30 hot coil spot ** is 4150 yuan ton (578 US dollars), market confidence is slightly insufficient.
In terms of exports, the current steel mills are greatly differentiated, large state-owned steel mills are generally above 590 US dollars per ton of FOB, and some private steel mills are around 565 US dollars per ton of FOB, with a small number of orders in February. Overall, the enthusiasm of overseas buyers has declined to a certain extent. On the one hand, overseas buyers in the early stage purchased relatively more export orders for China's January shipping schedule, which also has more advantages than February shipping resources, and is not in a hurry to purchase in large quantities. At the same time, there has been a slight increase in sea freight in the near future, and the comprehensive cost of purchasing Chinese resources has also increased.
According to mysteel analysis, China's hot coil ** is at a low level in the international scope, and the export advantage is still there. Recently, Vietnam's leading steel mills Hefa and Formosa Plastics Ha Tinh have respectively increased their HRC deliveries** for next year, with sales to Vietnam** both exceeding US$600 per ton CFR, while the production schedules of the two steel mills in December have been sold out, and the downside of forward deliveries** is limited. Therefore, for Southeast Asian buyers, sourcing Chinese resources is still the best choice.
[Import and export dynamics].
[International market dynamics].
Thailand launched an anti-dumping sunset review investigation on Huajia Boron hot-rolled steel
On December 6, 2023, Thailand's Dumping and Subsidy Review Committee announced that it would launch a second anti-dumping sunset review investigation on boron hot-rolled steel originating in China. The product involved in the case has a boron content of 00008% or more, with a thickness of 09ο½50.0 mm, hot-rolled steel with a width of 100 3048 mm, involving the Thai customs code. 91.90.032 and 722691.90.090γ
Bazhou Steel's first steel shipments to Tajikistan
Recently, in the Bazhou Iron and Steel Bar Finished Product Testing Area under China Baowu Eight Steel, with the last confirmation of the quality inspection personnel, a bundle of neatly stacked steel is being hoisted into the truck by the crane. It is reported that this batch of nearly 443 tons of steel with export marks has been sent to the customs yard and will be sent to Tajikistan for the Tajikistan highway rehabilitation and reconstruction project.
Turkey's HRC exports increased by 115 month-on-month in October1%
According to the data, in October 2023, Turkey's HRC exports reached 207545 tons, an increase of 115 month-on-month1%, a year-on-year increase of 904%γIn monetary terms, Turkey's HRC exports in October amounted to 1US$348.3 billion, an increase of 1081%, an increase of 819%γ
[International ** Summary].