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WEEKLY: China steel mills stay home, exports low

Chinese steel exports remained largely dull last week, market sources indicated on Monday. Though a few deals were heard concluded for hot-rolled coils (HRC), Chinese steel producers have been mainly focussing on domestic sales due to the improving home-market demand.
“It seems that most (Chinese) mills are not keen on exporting, and their allocation for export sales is limited,” a steel trader based in Hong Kong commented. Over July 25-31, China’s export price of SS400 4.75mm HRC increased by another $2/tonne on week to $475/t FOB Tianjin port North China, according to Mysteel’s assessment. That


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