WEEKLY: China's HRC export prices stabilize before holiday

China's export prices for hot-rolled coils (HRC) stabilized during January 13-17, ending a three-week decline. The Chinese export price of SS400 3mm HRC under Mysteel's assessment held steady on week at $472/t FOB from North China's Tianjin port by January 17, Mysteel's weekly market roundup shows.

This was mainly because the hot coil prices in China's domestic market witnessed persistent price increases last week, which prompted steel mills to raise their HRC export offers throughout the week. However, the evident gap between quotations and inquiries for the Chinese flat product, along with weakening transaction activity, ultimately prevented any notable price gains in