WEEKLY: China's HRC export prices hold steady

Chinese export prices of hot-rolled coil (HRC) remained generally stable during May 18-22, as relatively ample export orders and improving transaction activity lent some support to export prices, Mysteel Global learned.

On May 22, Mysteel assessed the export price of SS400 3mm commercial-grade HRC at North China's Tianjin port unchanged during the survey week at $508/tonne FOB. On the other hand, export offers from Chinese mills eased slightly to $505-520/t FOB China in the latter half of last week from $510-535/t FOB at