WEEKLY: China's HRC export prices remain high, trades piecemeal

Chinese export prices for commercial-grade hot-rolled coils (HRC) reached a plateau during August 16-22, while overseas buying for China-origin coils remained limited, Mysteel's weekly market roundup shows.

As of August 22, the export price of SS400 3.0mm HRC under Mysteel's assessment had stabilized on week at $480/tonne FOB from North China's Tianjin port, representing an increase of some $7/t from three weeks earlier. The same day, offering prices from some Chinese mills had slightly retreated to around $481/t FOB from North