UTC+8 ( BJT)

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

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227