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WEEKLY: China’s steel export prices on the downtrend

ABSTRACT

China’s steel export prices had been on the downtrend for the fourth week as of June 7-11, and trade stayed thin partly due to the continuing rumour on the imposition of export taxes on certain steel products, Mysteel’s latest weekly survey indicated.
Under Mysteel’s assessments, as of June 11 China’s SS400 4.75mm hot-rolled coil (HRC) export price was at $923/tonne FOB Tianjin of North China, down another $5/t on week, the SPCC 1.0mm cold-rolled coil (CRC) was at $980/t FOB Tianjin, also down $5/t on week though it was milder than the

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