It is reported that Asian steel mills are in negotiations with the buyers for shipment next year.

The major contracted prices are reportedly to be at the level of US$ 540/ton CFR.

The Japanese mills have not completed al negotiations yet but it heard the contract prices mostly concluded at US$570~US$580/ton CFR.

At the same time, the Chinese mills have achieved contracts almost with a rise of US$20/ton.

The South Korean mills have reversed the price cut from November 2012 shipment for December 2012 shipment.

It's said that the Japanese mills are expected to commence export negotiations for January 2013 shipment as early as in the middle of November 2012.