WEEKLY: China's HRC export prices stay high, despite market nerves

Chinese export prices for commercial-grade hot-rolled coils (HRC) remained high during the week of March 30-April 3 at $480/tonne and above, while overseas buying of Chinese coils saw no significant improvement due to the surge in ocean freight rates and prevailing market cautiousness, Mysteel Global learned.

On April 3, Mysteel assessed the export price of SS400 3mm HRC at North China's Tianjin port at $483/tonne FOB, down by a small $3/t on week and ending a three-week climb. Hot coil offers for export generally remained unchanged on week in the range of $480-500/t FOB China, according to Mysteel's latest market round-up. On the buying