WEEKLY: China HRC export prices end 4-week slide

China's export prices for hot-rolled coil (HRC) ended their four-week slide and remained flat during the July 13-17 week, with Mysteel assessing the export price of SS400 3mm commercial-grade HRC at North China's Tianjin port on July 17 unchanged on week at $486/tonne FOB.

At the start of last week, hot coil offers from China's privately-owned steelmakers were steady at $485-490/t, while offers from mainstream state-owned mills were also unmoved at around $500-510/t FOB China. By mid-week, improving domestic HRC futures prices, driven by tightening hot coil supply at home, prompted some major Chinese mills to