Source: Yieh, June 8, 2009
Japanese furnace mills will have a price negotiation for third quarter deals of CR sheet with Asian users and they are planning to increase the export price to US$600/ton.
It is reported that Japanese steel manufacturer may offer US$580/ton for CR sheet to China.
Moreover, Baosteel currently quotes US$560/ton for CR sheet of June but the market hopes that they can raise much price during July.
Japanese steel manufacturers anyhow remain optimistic for the CR sheet export of 3rd quarter with Asia and expect to increase at least US$50/ton.