WEEKLY: China’s steel export offers up on more inquiries
Jul 29, 2020 09:45
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China’s export offering prices of hot-rolled coil (HRC) and rebar rose by $5-10/t in response to more inquiries from overseas buyers, though the existing price gaps against offerings from elsewhere, despite narrower, has made it hard for Chinese sellers to conclude any deals, Mysteel Global understood from the market.
Over July 18-24, China’s export offering prices of the SS400 4.75mm HRC increased 10/t on week to $473/t on average in terms of FOB Tianjin port, North China, according to Mysteel’s assessments.
“Most of the Chinese steel producers lifted their HRC export offering prices by another $5/t on week and many