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WEEKLY: Falls in China FOB steel prices slow, trade poor

Chinese steel export prices continued to soften last week but the pace has slowed, market sources indicated on Tuesday. China’s steel exports have remained sluggish, as exporters’ eagerness to export has declined as mills focus more on domestic sales.
Over April 4-10, Mysteel’s export benchmark price of SS400 4.75mm hot-rolled coil (HRC) fell another $8/tonne on week to $408/t FOB Bayuquan port, Northeast China’s Liaoning province, while the benchmark price of B500B 18-25mm rebar also declined $5/t on week to $428/t FOB Shanghai, East China. As of last week,

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