Japan’s EAF mills mull raising billet export prices again
Sep 08, 2020 13:30
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Japan’s electric-arc-furnace (EAF) steel producers are considering to reflect higher scrap costs in their billet prices, specially when they have been receiving more orders from overseas, sufficient to run at a stable rate, even though the domestic demand has been weak for construction steel, according to officials from the EAF mills.
In East China, the bidding prices for Japan-origin SD295A or SD390 120-150mm billets are around
$435-440/tonne CFR as of early September, up $10-15/t on month and about $50/thigher from early July, market
“We have shifted
most of the higher scrap costs from the past two months to our billet export offering prices, but