WEEKLY: China HRC export prices rise on sentiment boost, trade still weak

China's hot-rolled coil (HRC) export market experienced a moderate rebound during the week of July 14-18, with prices rising on improved sentiment driven by supply-side developments and macro policy expectations. However, weak overseas demand and limited transactions kept overall market confidence in check, according to Mysteel's latest survey.

Mysteel's assessment of the Chinese export price of SS400 3mm HRC moved up last week after a four-week stability, rising by $15/tonne on week to reach $465/t FOB from North China's Tianjin port as of July 18. Early in the week, market sentiment picked up on word that steelmakers in