WEEKLY: China steel export prices rebound after CNY
Feb 22, 2021 12:00
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China’s export offering prices of finished steel including the hot-rolled coil (HRC) and rebar rebounded by $15-25/tonne in the first couple of days after China has been back to work from the Chinese New Year (CNY) holiday over February 11-17, having borrowed support from the higher global steel prices and the rising raw material costs, according to Mysteel’s latest assessment.
As of February 19, the offering price of the SS400 4.75mm HRC in North China’s Tianjin was at $665/t FOB, up $25/t from February 10, and that of the B500B 16-25mm rebar was at $645/t FOB at East China’s Zhangjiagang port, or up $15/t from the last working day before