The daily benchmark prices for deep-sea Turkish imports of HMS #1&2 80:20 finished last week almost flat from a week earlier at $319 a ton CFR Iskenderun port, as per the Steel Index.
The first orders of 2015 were completed at sideways pricing to those completed in the last few weeks of 2014, with traders returning from holidays to find little-to-no change in market conditions.
The effects of the removal of the rebate for Chinese boron-added steel appear limited at this time, although some movement in rebar pricing could be seen next week.
A number of cargoes were booked from Baltic and European suppliers this week, with the pricing of each of these cargoes at very similar levels, hovering around TSI’s index.
Zhejiang Yaang Pipe Industry Co., Limited