HBI'S CHANCE TO GAIN METALLICS MARKET SHARE REMAINS UNCERTAIN

摘要

The upward momentum in iron metallics prices has continued over the past week, following in the footsteps of rising production costs. MB's assessment ofVenezuelan HBI export prices, for example, has moved up$5/ tonne, to a range of $200-210/tonne FOB. The last deal recorded, at$200/tonne FOB bound for Europe, earlier in July, is where bids remain although suppliers are hopingto push prices higher given prevailing metallics' market dynamics, especially in Europe, the USA and north Asia. In India by contrast, local DRI prices from the still-dominant rotary kiln furnaces have fallen further, reflectingthe increasinglysluggish steel marketin India.