Japanese mills intent to increase HRC export price which delivered in July. Price may increase by USD 20-30/mt to USD 450/mt (FOB).

Price of HRC to Asia in late April quoted at USD500 / ton (CFR). However, with the Chinese steel market began to decline since the beginning of May, the user has withdrawn a higher bid.

From this week, China's major steel mills will announced the HRC price delivered in June. The Japanese mills will wait and see Chinese mills move and domestic market situation to decide on the specific offer. 

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