WEEKLY: China HRC export prices fall for 4th week

China's export prices for hot-rolled coil (HRC) eased further during the July 6-10 week, with the prolonged weakness in overseas demand causing export offers from mainstream state-owned mills to edge lower.

On July 10, Mysteel assessed the export price of SS400 3mm commercial-grade HRC at North China's Tianjin port at $486/tonne FOB, lower by another $4/t on week and marking the fourth week that Chinese HRC export prices have declined. Hot coil offers from China's privately-owned steelmakers held steady at $485-490/t over July 6-10, while mainstream