WEEKLY: China's steel exports stay strong

China's exports of both semi-finished and finished steel remained high last week, though trading had already cooled from the first week of this month. Chinese steel prices are still among the lowest in the global market, the factor delivering the boost to export business, according to Mysteel's weekly report.

As of March 25, China's export price of SS400 4.75mm hot-rolled coil (HRC) was assessed by Mysteel at $859/tonne, up for the second week by another $13/t on week. In the meantime, the prevailing transaction price of SPCC 1.0mm cold-rolled coil (CRC) price also increased mildly by $5/t on week