WEEKLY: Chinese HRC export prices stable, trading subdued

Chinese export prices of hot-rolled coil (HRC) stayed flat during the June 8-12 week, while export offers from some Chinese mills were trending lower. Overseas buying of Chinese coils remained subdued overall amid weak demand and trade protectionist measures.

On June 12, Mysteel assessed the export price of SS400 3mm commercial-grade HRC at North China's Tianjin port at $502/tonne FOB, flat from June 5 and unchanged during the week. Export offers from some private mills softened slightly from $505/t FOB China on June 8 to $498/t FOB by the end of last