HRC steel import prices in the ASEAN market hardly moved in July. The daily index for ASEAN imports of SAE grade HRC fluctuated in a $7 a ton range between $537-544 a ton CFR ASEAN Port.
Shanghai Metals Market sees no supply shortage in China’s nickel market on small declines in NPI output, ore stocks at China’s ports and growing LME inventories.
Steel is lightweight compared to many other building materials used for the same purpose and thus requires less material and less transportation. This lowers overall building costs. Steel’s long lifespan and flexibility to create adaptable spaces also provides a cost advantage.