WEEKLY: China's HRC export prices soften again

China's export prices for hot-rolled coil (HRC) had edged down further during the week of August 10-14, with Mysteel assessing the export price of SS400 3mm commercial-grade HRC at North China's Tianjin port on August 14 lower by $2/tonne on week at $481/t FOB.

Overseas buyers continued to push for lower prices, dragging down the transaction volumes for common-grade material and further widening the gap between mills' offers and actual workable prices, Mysteel Global learned. Hot coil offers from mainstream Chinese state-owned mills were in the range of $485-490/t FOB China last week, while those