WEEKLY: China's HRC export prices rise modestly on week

China’s export price for hot-rolled coil (HRC) increased slightly over November 15-21, with Mysteel assessing the export price for SS400 3mm HRC at North China’s Tianjin port on November 21 at $445/tonne FOB, higher by Yuan 5/t on week, Mysteel's latest market roundup showed.

The mild rebound was mainly driven by a rally in domestic HRC futures prices and the stronger Yuan, according to a market participant. However, overseas demand for the flat steel remained relatively tepid, and this, together with the market's prevailing cautiousness, prompted many buyers to delay procurement, a Shanghai-based ferrous