WEEKLY: China's HRC export prices hold steady

After their cumulative rise of $9/tonne over the previous two weeks, China's export prices for hot-rolled coil (HRC) stabilized during the week of August 31-September 4, with Mysteel assessing the export price of SS400 3mm commercial-grade HRC at North China's Tianjin port on September 4 still at $490/t FOB.

At the start of last week Chinese hot coil exporters had counted on recent upward momentum continuing and so raised their offer prices, Mysteel data shows. Offers from private mills for SS400/Q235 materials were as high as $505–515/t FOB China – a demand supported mainly by rising coking coal