WEEKLY: China HRC FOB price falls on global softening
Apr 08, 2020 16:00
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China’s steel export prices declined for the fourth week over March 28-April 3 following the tumbles in the global steel prices, and the export volume stayed slack as global demand has seriously been disturbed by the COVID-19, Mysteel Global learnt from market sources on Wednesday.
Last week, Mysteel’s export price of the SS400 4.75mm hot-rolled coil (HRC) fell another $12/tonne to $416/t FOB Bayuquan port, Northeast China’s Liaoning province, and that of the B500B 18-25mm rebar declined $5/t on week to $433/t FOB Shanghai, East China.
“The falling global steel prices have forced Chinese exporters to