WEEKLY: China's HRC export prices edge higher on week

After holding steady for three consecutive weeks, China's export prices of hot-rolled coil (HRC) finally saw a slight uptick last week, though trading activity for the flat product remained lackluster, Mysteel's weekly market roundup shows.

The Chinese export price of SS400 3mm HRC under Mysteel's assessment grew by $5/tonne on week to reach $492/t FOB from North China's Tianjin port by December 13. Favorable economic policies the Chinese government pledged during key meetings in Beijing last week galvanized domestic commodities markets including steel, as reported. Riding this optimism, many Chinese steelmakers