The uptrend has reached its top in the Asian market for slabs. Regional suppliers have hiked offers by $40-60/t since the beginning of February in response to soaring finished product prices and re-rollers’ low stocks. In the first half of February, Brazilian semis suppliers raised offers to Asia by $40-60/t to $580-600/t CFR (the freight rate is $40/t). The announced rise has been achieved in the second half of the month.
展开▼