WEEKLY: China's HRC export prices stabilize on week

Chinese export prices for commercial-grade hot-rolled coils (HRC) rebounded modestly before stabilizing during October 25-31, while overseas buying of China-origin coils saw no obvious improvement, Mysteel's latest market roundup indicates.

Earlier last week, strengthening raw material prices nationwide – especially those of coking coal and coke – constrained some of the downward momentum in HRC export prices that had been seen over the previous two weeks. Mainstream offering prices from Chinese mills for hot coils stabilized at $470-475/t FOB, with transaction