WEEKLY: China's HRC export market remains subdued

China's export hot-rolled coil (HRC) market remained subdued in the past week, as overseas buyers remained cautious, showing little appetite for the Chinese flat product, Mysteel's weekly market roundup shows.

While the thinning inventories of HRC in the domestic market offered some support for Chinese mills to hold onto their export prices, most buyers rejected higher-priced offers, resulting in only a few concluded deals for China-origin HRC last week, steel traders from East China noted. As of March 28, the Chinese