H-beam Export Price Enters a Correction Phase

H-beam export price for the general-purpose product in south-eastern Asia enters a correction phase, at 730-740 dollars for C&F for April-May shipments. It increased by over 50 dollars from the beginning of 2013, but overseas shape steel price is coming to be in stasis because ferrous scrap price increase at a sluggish pace. Japanese makers try to raise export price due to rising material cost, and export dicker is likely to keep a stalemate.