WEEKLY: China's steel exports stay active, imports wane

Chinese steel exports remain active, especially those of cold-rolled coils (CRC) and galvanized steel, though hot-rolled coil (HRC) export business slowed over the past week, according to Mysteel's latest report. On the other hand, steel imports retreated further.

With Chinese mills and traders gradually reducing their export prices further last week, China-branded steel products including both HRC and CRC still enjoyed "significant price competitiveness" against those of global rivals, a steel trader based in Beijing noted. China-origin SPCC 1.0mm CRC, for example, was assessed by Mysteel at $876/tonne FOB