South Korean welded pipe export quotation likely to decrease
2013-11-18 09:03:13 [Print]
BEIJING (Asian Metal) 18 Nov 13 - The South Korean welded pipe export market is quiet due to the soft demand from related industries in international market and local market. Insiders deem that the market price is likely to decrease slightly in the short term.
A trader in Seoul says that his quotation for JIS G3452 Φ114.3mm*4.5mm is USD760/t FOB South Korea, stable compared with that of last week.
According to the source, the export market was unsatisfying recently and the demand from other countries was still soft. In addition, POSCO moved down the list price of HRC by KRW30,000/t last week, and the price went back to the level in September. He points out that without the strong support of production cost, pipe steel mills are likely to cut quotations in the short term.
A trader in Seoul reports that the current quotation for JIS G3452 Φ114.3mm*4.5mm is USD780/t FOB South Korea, unchanged compared with that of last week.
In October, POSCO’s HRC exports volume fell by 37.5% year on year. Hyundai Steel’s HRC exports quantity decreased by 12.7% year on year. He points out that South Korea’s HRC output up by 10% m-o-m in September. However, the demand from international market is still soft, so he can provide discount depends on the quantity. Under such a condition, he deems that the price will go down slightly in the short term.
A trader in Seoul says that his quotation for JIS G3452 Φ114.3mm*4.5mm is USD760/t FOB South Korea, stable compared with that of last week.
According to the source, the export market was unsatisfying recently and the demand from other countries was still soft. In addition, POSCO moved down the list price of HRC by KRW30,000/t last week, and the price went back to the level in September. He points out that without the strong support of production cost, pipe steel mills are likely to cut quotations in the short term.
A trader in Seoul reports that the current quotation for JIS G3452 Φ114.3mm*4.5mm is USD780/t FOB South Korea, unchanged compared with that of last week.
In October, POSCO’s HRC exports volume fell by 37.5% year on year. Hyundai Steel’s HRC exports quantity decreased by 12.7% year on year. He points out that South Korea’s HRC output up by 10% m-o-m in September. However, the demand from international market is still soft, so he can provide discount depends on the quantity. Under such a condition, he deems that the price will go down slightly in the short term.
