WEEKLY: Chinese HRC export prices remain stable on week

Chinese export prices of commercial grade hot-rolled coils (HRC) stayed largely stable during the week of December 11-15, while international-market demand for Chinese flat products cooled to some extent, the results of Mysteel's latest market roundup indicate.

As of December 15, the export price of Chinese SS400 4.75mm HRC under Mysteel's assessment was unchanged on week at $570/t FOB from North China's Tianjin port. On the same day, the export price of China-origin SPCC 1.0mm cold-rolled coil was also the same as the previous week at $658/t, also on FOB Tianjin basis. Thinner profit margins