WEEKLY: China’s steel FOB prices see recovery
Nov 18, 2019 18:15
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China’s steel export prices finally showed signs of recovery over November 9-15 after hovering low for some time, mainly thanks to the trend of strengthening prices in the global market and to the increase in domestic prices, Mysteel Global has learned from the market.
Mysteel’s export price for SS400 4.75mm hot-rolled coil (HRC) moved up $6/tonne on week to average $441/t FOB Bayuquan in Northeast China’s Liaoning province over the survey period, while the B500B rebar export price also stayed stable on week, averaging $455/t FOB Shanghai port.
“Prices in the global market have grown