WEEKLY: China's HRC export prices under pressure

China’s market for hot-rolled coil (HRC) for export continued to face strains from trade policy uncertainties abroad and weak overseas demand, with Mysteel assessing the export price of SS400 3mm HRC at $445/tonne FOB from North China's Tianjin port on December 19, Mysteel's latest market roundup showed.

During the survey week, HRC offers from mainstream Chinese steel mills retreated slightly from the previous week's $465-475/t FOB to around $460-465/t FOB, with the actual tradable level settling at $455-460/t FOB. An industry watcher predicted that Beijing's export licensing system may limit the outflow of non-VAT hot coil resources into the