Enquiries from overseas have picked up after China’s National Day holiday. According to Mysteel, some large domestic steel mills basically maintain the quotation level before the festival. At present, the export transaction price of SS400 hot volume from Northern Steel mills is $570 / ton FOB, with few low-cost resources.

At present Southeast Asia country plate demand is depressed, the importer is not eager to purchase in large quantities. According to the feedback from a Southeast Asian importer to Mysteel, the recent quotation of Korean hot volume resources is $590 / ton CFR, and that of Japanese hot volume resources is $600 / ton CFR. The shipping date is generally in December, but few resources are available in November. From the performance of the exchange rate after the National Day, the name of the dollar tends to be stable, affected by the exchange rate of China’s steel export price float space is not big. If the price fluctuation of domestic steel trade in China is limited in the near future, we will consider increasing the purchase of hot volume for the shipping date in December.

At present, Russia’s mainstream hot volume export is quoted at US $560-570 / ton FOB Black Sea, and India’s hot volume is quoted at US $590 / ton FOB. Although combined with sea freight costs, China’s hot coil resources have certain price advantages, but recently the gradually shrinking steel demand in Southeast Asia is the key factor restricting China’s plate export.