WEEKLY: China's HRC export market sees brief price uptick before stabilizing

China's hot-rolled coil (HRC) export market witnessed a brief price uptick followed by stabilization over the week of July 7-11, as early optimism gave way to cautious sentiment and limited overseas demand, according to Mysteel's latest weekly survey.

As of July 11, the export price of SS400 3mm HRC stood flat on week at $450/tonne FOB from Tianjin port in North China, remaining unchanged for the fourth consecutive week, Mysteel's assessment showed. At the start of the week, Chinese HRC export offers firmed slightly, supported by expectations of