| TEX reported that a major integrated steel company | | | | integrated steelmaker's sheet pile exports to Asian |
| of Japan is considering setting the target price level at | | | | destinations. In China, construction is under way for a |
| USD 850 per tonne CNF in its H beam and sheet pile | | | | spate of athletic facilities in southern coastal provinces |
| exports to Asian destinations, mainly to China, for June | | | | in relation to the Asian Games to open in Guangzhou in |
| and July shipments, on which the company's export | | | | November 2010. |
| negotiations are expected to start shortly. The | | | | Accordingly, local demand for sheet piles is surging, in |
| company has already negotiated part of its sheet pile | | | | which firm supplies of around 5,000 tonnes are already |
| exports to China at around USD 840 per tonne CNF | | | | under contract for June shipments. Also, negotiated |
| for June shipments. As a result, it is likely that the | | | | prices of sheet piles in wide sizes are said to have hit |
| company will seek a higher price level of USD 900 per | | | | a slightly less than USD 850 per tonne CNF. |
| tonne CNF in its sheet exports for July shipments. | | | | Meanwhile, an adequate price increase is slow to take |
| In Asia, transaction prices of various steel | | | | hold when it comes to H beam exports by a |
| products(such as steel sheet pile ,strut channel steel ) | | | | Japanese integrated steelmaker to South Korea. |
| are shooting up after it has become clear that the | | | | Having an impact are local H beam stocks at a high |
| prices of raw materials will advance considerably from | | | | level in the repercussions of H beam imports from |
| April onward. Until recently, prices of steel products | | | | China. Import arrivals from China totaled 80,000 tonnes |
| such as heavy plates stood at a low level. At present, | | | | in March 2010 and they are expected to total around |
| though, even prices of heavy plates for shipbuilding | | | | 40,000 tonnes in April 2010. As far as South Korea's |
| border on USD 800 per tonne FOB in shipments out of | | | | Hyundai Steel Co is concerned, the company has |
| Japan to South Korea. It was once considered difficult | | | | increased its domestic sales price of H beams by |
| for a price increase to take effect in those Japano | | | | KRW 50,000 per tonne to KRW 910,000 per tonne. At |
| Korean heavy plate deals. | | | | the same time, the company is said to have abolished |
| Under the existing circumstances, Japanese exports | | | | its volume discount of KRW 50,000 to KRW 100,000 |
| of sheet piles and H beams should fetch appropriate | | | | per tonne. Still, local steel manufacturer haven't |
| prices of at least USD 850 per tonne CNF, a price | | | | necessarily accepted the whole of Hyundai Steel's H |
| level that is commensurate with the going prices of | | | | beam price increase. As a result, continued |
| other steel products(such as c channel steel ,u channel | | | | transactions of H beams are reported at KRW |
| steel ), believe the Japanese parties concerned. As a | | | | 860,000 per tonne. |
| result, no Japanese exports of sheet piles and H | | | | In this connection, the going prices of are approaching |
| beams would be made for June shipments unless the | | | | USD 800 per tonne CNF after they have topped USD |
| price is agreed at USD 850 per tonne CNF or beyond. | | | | 780 per tonne CNF both in Japanese and South |
| Until now, a price settlement of USD 800 per tonne | | | | Korean H beam exports to Asian destinations, market |
| CNF has served as the norm of a Japanese | | | | observers point out. |