WEEKLY: China's HRC export prices decline amid tariff worries

China's export hot-rolled coil (HRC) market softened last week, weighed down by rising market worries following sweeping tariff announcements by U.S. President Trump. As a result, Chinese HRC export prices retreated and trading activity stayed subdued, according to Mysteel's weekly market roundup.

As of April 11, the Chinese export price of SS400 3mm HRC under Mysteel's assessment declined by $10/tonne on week to sit at $467/t FOB from North China's Tianjin port. The number of HRC export offers from Chinese steelmakers reduced sharply early last week in tandem with the slump of major ferrous futures in