WEEKLY: China's HRC export offers gain momentum after CNY

Chinese export prices for commercial-grade hot-rolled coils (HRCs) gradually ticked up during February 24-28, the first week after the Chinese New Year (CNY) holiday that ended on February 23, as mainstream steel mills lifted their export quotations amid evolving market dynamics both at home and abroad.

Mysteel's latest survey shows export prices of SS400 3mm hot-rolled coil (HRC) at North China's Tianjin port came in at $468/t FOB by February 28, up by $3/t from February 24, though compared to the pre-holiday level, the price was still $2/t lower due to limited liquidity on the first working day after