Ansteel Reduces Cold Rolled Coil Export Price to Japan

Anshan Iron & Steel notified Japanese buyers of flat rolled steel export price for February production or March delivery, according to industry source. The firm reduces the export price by US$ 10 to C&F US$ 770 per tonne for cold rolled coil.

Japanese flat rolled steel market is still oversupply. The market price is gradually decreasing. Anshan Iron & Steel apparently reduces the price to meet Japanese market trend.