WEEKLY: China's HRC export prices stand firm on cost support

China's export prices for hot-rolled coil (HRC) strengthened further during the week of September 7-11, with Mysteel assessing the export price of SS400 3mm commercial-grade HRC at North China's Tianjin port on September 11 higher by $10/tonne on week at $500/t FOB.

Elevated costs from high coking coal prices remained the most crucial factor underpinning current hot coil prices, as widening margin losses prompted mills to hold firm to their export offers, Mysteel Global learned. On September 11, Mysteel assessed the national composite spot price for coking coal at Yuan 2,276.5/tonne ($339/t),