Vietnam’s Formosa Ha Tinh raises most HRC offers for January shipment, by $10 per tonne
Skin-pass SAE1006 HRC: $470 per tonne cif (previously $460 per tonne cif)
SS400 and pipemaking-grade HRC: $460 per tonne cif (previously $450 per tonne cif)
SPHT3, S235JR, SG255 and SS490 HRC: $490 per tonne cif (previously $480 per tonne cif)
Eastern China (Shanghai): 3,670-3,700 yuan ($522-526) per tonne, up 10-20 yuan per tonne
On December 2, President Trump issued an immediate imposition of duties on steel imported from Brazil and Argentina.
In early 2018, the USA imposed import duties on aluminum and steel under Section 232, but at this time Brazil and Argentina are not subject to tariffs but are entitled to import quotas.
Because of that quota, the volume of steel imported into the USA market from Brazil has increased, accounting for about US $ 2.6 billion, up more than 21% from the beginning of 2018 to the present time.
Similarly, Argentina’s import volume also increased sharply…..