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WEEKLY: China steel export offer prices up for 3rd week

China’s steel export offer prices strengthened for the third week over November 23-29 amid the strengthening in both domestic and global steel prices, though the pace slowed down with the week-on-week incline being modest at $2-3/tonne, according to Mysteel’s latest market survey.
As of November 29, Mysteel’s SS400 4.75mm hot-rolled coil (HRC) offer price edged up $2/tonne on week to $450/t FOB Bayuquan port, Liaoning province of Northeast China, and the export offering for SPCC 1.0mm cold-rolled coil grew $3/t on week to $521/t FOB Tianjin port, North China, and the B500B


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