WEEKLY: China's HRC export prices edge down

China's export prices for hot-rolled coil (HRC) had edged down during the week of August 3-7, with Mysteel assessing the export price of SS400 3mm commercial-grade HRC at North China's Tianjin port on August 3 lower by $2/t from July 31 at $483/tonne FOB. Hot coils remained at this level for the remainder of the week.

Overseas inquiries for Chinese coils have increased, as buyers in major markets began replenishing their stocks after deciding that recent prices were close to bottom, Mysteel Global learned. This was in tandem with a small rally in China's spot hot coil prices in the latter half of last week, mainly due