WEEKLY: China's HRC export prices tick higher

China’s export price of SS400 3mm hot-rolled coil (HRC) under Mysteel’s assessment at North China's Tianjin port edged up by $3/tonne during the week of January 26-30 to $463/t FOB by last Friday, Mysteel's latest market roundup showed.

Offering prices for hot coil for export stood above $475/t FOB China early last week, following a small rally in HRC futures, and then softened to around $465/t FOB by mid-week due to sparse inquiries and slower restocking moves from overseas buyers. By end-week, HRC offers from mainstream Chinese steel mills had returned