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Global HRC & CRC market overview - week 49, 2019

Chinese HRC export offers up marginally over increase in domestic prices - This week, Chinese HRC export offers moved up further following increase in domestic prices. Chinese HRC export offers stand at USD 465-470/MT FOB China,which was USD 460-470/MT FOB basis a week earlier.
However, in the domestic market, the HRC prices increased by RMB 10-20/MT D-o-D basis to RMB 3,720-3,730/MT in the Shanghai region, and RMB 3,640/MT in the Tangshan region owing to short supply. Amid a slowdown in steel logistics due to the shortage of trucks and stringent transportation rules in turn increase steel prices in the domestic

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