Japan lifted the exported price of HRC to US$785/ton which increased by US$35/ton compared with the previous offer.
The steel prices keep rising recently and the latest HRC, CRC and GI price from Japan were quoted at about US$800/ton, US$900/ton and US$1000/ton respectively.
It is said that the recent transaction price of slab stood at US$700/ton, according to the calculation, HRC price is likely to reach US$780-800/ton.