WEEKLY: China's HRC export prices steady

Chinese export prices for hot-rolled coils (HRC) held steady during the week of April 7-10, while overseas buying of Chinese coils remained scarce due to shipping uncertainties and the prevailing wait-and-see sentiment, Mysteel Global learned.

On April 10, Mysteel assessed the export price of SS400 3mm commercial-grade HRC at North China's Tianjin port at $483/t FOB, unchanged on week. Chinese steelmakers firmed their quotes in the range of $480-500/t FOB as production costs remained high, with mainstream tradable levels holding at around $478-495/t FOB, according to Mysteel's latest market round-up. However, overall