English to Korean: TEX REPORT Vol.47, No. 11144
General field: Bus/Financial
Detailed field: Construction / Civil Engineering | |
Source text - English
South Korea’s Hyundai Steel Co has secured two ferrous scrap cargoes anew from the USA at around US$253/
MT C&F each for No1 HMS under negotiated deals with Australia-based Sims Metal Management Ltd and US supplier
Schnitzer Steel Industries Inc, Hyundai Steel’s procurement of deepsea bulk cargoes as import ferrous scrap for the first
time in nearly one and a half months.
The negotiated price indicates a rebound of US$4 from what Hyundai Steel settled in its previous purchases. The
Korean buyer is expected to take delivery of each cargo from Sims and Schnitzer between late May and early June for
the total quantity of around 80,000 tons.
For delivery in South Korea, the price of US$253/MT C&F for No1 HMS from the USA translates into US$213/
MT FOB for No2 HMS from Japan considering the No1 HMS/No2 HMS quality differential at US$15/MT and the ocean
freight rate at US$25/MT on the Japan-South Korea route, market sources estimate. Then, the price of US$213/MT
FOB for Japanese No2 HMS translates into nearly Y25,500/MT FOB at a March 25 exchange rate of US$1.00-Y119.60.
Hyundai Steel is thought to have conceded at the final stage in its price negotiations with Sims and Schnitzer this
time. In the background, the momentum for a recovery has heightened in the ferrous scrap import market in East Asia,
stimulated by a rebound in negotiated prices of ferrous scrap imports into Turkey from the USA. Besides, negotiated
prices of containerized HMS imports into Taiwan have already moved up to US$232-233/MT C&F for a mix of 80%
No1 HMS/20% No2 HMS, a rebound of a little over US$10 from their latest low.
But the price increase stands at US$4/MT in Hyundai Steel’s new negotiated purchases of deepsea bulk cargoes
as compared with the current upswing in containerized HMS prices for delivery in Taiwan.
Meanwhile, offer prices of No2 HMS exports from Japan have advanced to Y25,000/MT FOB or over and No2
HMS prices have moved up to Y24,500/MT FOB or beyond until now in new deals for Japan’s ferrous scrap exports to
South Korea. | Translation - Korean
한국의 현대스틸에서 HMS No.1 $253/MT CFR에 호주계 심스, 미국계 슈니처를 통해 딥씨카고 2건 신규 계약하였으며 이는 현대제철의 1.5개월만의 첫 딥씨 카고 계약임.
이번 구매 가격은 현대의 지난 구매 대비 $4/MT 상승하였으며 총 구매량 8만톤, 선적일 5월말-6월 초로 예상됨. 한국향 기준으로 미국산 HMS No.1 $253/MT CFR 가격은 일본산 H2 $213/MT FOB로 환산 가능함.(HMS NO.1 과 2의 품질 차이를 $15/MT로 보고, 한국-일본 운임을 $25/MT로 했을때의 기준) 따라서 3/25 환율인 달러-엔화 119.6 기준에 일본산 H2는 Y25,500/MT FOB 수준임. 현대제철은 이번 심즈, 슈니처와의 계약단가를 확정한 것으로 생각되어짐. 미국산 터키향 스크랩 가격 반등에 의해 동아시아 수입스크랩 시장의 단가 회복에 대한 모멘텀이 자극되었다는 판단 하에 단가를 확정한 것으로 생각됨.
게다가 대만향 컨테이너 스크랩의 가격 역시 HMS No.1&2(8:2) 가 최근 가격 대비 $232-233/MT CFR수준으로 상승하였음. 하지만 현재 대만향 컨테이너 스크랩 가격의 상승세와 비교하면 현대의 딥씨 성약 가격은 $4/MT 상승 수준에 그침.
한국향 일본산 H2 오퍼가격은 Y25,000/MT FOB까지 상승하였으며 신규 거래 가격은 현재까지 Y 24,500/MT FOB 이상수준까지 상승함.
|
Expertise