Asian Market Divergence: South Korea Slumps While Taiwan and India Rebound Sharply

According to the latest data from Mysteel, global 304-grade stainless steel prices showed regional divergence in the first week of May 2025. South Korea posted the steepest drop, with CRC prices down by $190/ton, while Taiwan and India saw significant rebounds, rising by $115/ton and $55/ton respectively.

• КПР: 13,050 Yuan/t ≈ $1,803/t
  
  

• HRC: 12,500 Yuan/t ≈ $1,727/t
  
  

• Лом: 9,600 Yuan/t ≈ $1,327/t

Prices remained stable overall. However, the rise in scrap prices by 100 Yuan indicates stronger procurement demand in the raw materials market.

• Тайвань: CRC rose to $2,080/t and HRC to $1,955/t, up by $115 and $106 respectively.
  
  

• Южная Корея: Mainstream CRC dropped to $2,200/t (▼$190), and alternative (GS) CRC to $2,030/t (▼$95), reflecting export pressure.
  
  

• Вьетнам: CRC down $25 to $1,700/t; HRC down $9 to $1,670/t.
  
  

• Индия: CRC climbed $55 to $2,015/t, making it one of the strongest performers.

• Европа: CRC firm at €2,680/t (▲€30); scrap up €20 to €1,310/t.
  
  

• Северная Америка: CRC steady at $2,900/t; scrap stable at $1,310/t.
  
  

• Южная Америка: CRC at $2,343/t; HRC at $1,834/t.
  
  

• Россия: CRC at RUB 275,280/t; HRC at RUB 268,060/t.

Asian markets saw notable contrast: Taiwan and India showed strength on improved domestic sentiment, while South Korea experienced significant decline due to sluggish exports and high inventories. China remained stable, but the rise in scrap price suggests solid raw material demand. Western markets held firm, with buyers seemingly accepting current levels.

Примечание: 
Указанные выше цены относятся к холоднокатаной, холоднокатаной рулонной стали (CRC), холоднокатаной рулонной стали (HRC) или лому нержавеющей стали марки 304. В Китае эталонные цены на нержавеющую сталь основаны на холоднокатаной рулонной стали марки 304 компании Hongwang и холоднокатаной рулонной стали марки 304 компании Tsingshan, которые отражают спотовые цены в Уси (Восточный Китай). Для Индии формула ценообразования выглядит следующим образом: импортная цена = местная цена x 1,085 (тариф TP3T 8,51) + 50 (таможенная пошлина).

All Chinese prices were converted to USD using the exchange rate of 1 USD = 7.2350 CNY, as of May 6, 2025 (source: SAFE China).

Источники данных о ценах:

• https://www.mysteel.net