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Chinese skyrocketing steel market turnover makes a sudden turn for the worse in

 Published:2017-8-23 11:19:40    Source:    Views:263

 Chinese skyrocketing steel market turnover makes a sudden turn for the worse in South America

China skyrocketing steel making America last week (8.14-18) trading volume of a sudden turn for the worse. "The deal is relatively light," said a trader who was concerned about the Brazil market." Another source said that last week only Columbia market trading more active, there are a certain amount of import inquiries.
The quoted price of China's hot rolled coil on the South American Pacific coast (the price involved in this article is freight price) is US $575 / ton, while the quoted price in Brazil is US $580-585 / ton.
The price of China made cold rolled coil in Chile and Columbia is US $630-635 / ton, and the quoted price in Brazil is US $640-645 / ton.
In addition, China's hot galvanized coil exports to Chile and Columbia offer at 710-715 U. S. dollars / ton, the export price quoted in Brazil was 720-730 yuan / ton.
August 11th South American local hot rolled import prices last week 545-560 dollars / ton rose to $575-580 / ton, cold-rolled import prices from US $580-590 / ton rose to $630-640 / ton, while prices of imports of hot galvanizing from US $680-700 / ton rose to US $710-720 / ton.
Flat material prices soaring traders fear mood deepened. Brazil local insiders said: "market participants that the price will decline as prices fell once, like crazy, the current market price and 2013 situation, and then after the surge happened we are very clear."
In early 2013, the import price of hot rolled coil in South America was as high as 650-680 US dollars / ton, the import price of cold rolled coil was 750-770 US dollars / ton, and the hot galvanized coil volume was US $800-850 / ton. But soon, flat prices continued to fall, and prices remained low from 2014 to 2016, until the market began to pick up in early 2017.
 
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