WEEKLY: China's HRC export prices keep climbing

Prices of Chinese hot-rolled coil (HRC) for export continued to strengthen over January 2-6, thanks to active orders, especially from Turkiye, Mysteel Global learned. By January 6, the export price of SS400 4.75mm HRC under Mysteel's assessment had gained by a further $10/tonne on week to reach $605/t FOB from North China's Tianjin port.

Meanwhile, the export price of SPCC 1.0mm cold-rolled also increased by $7/t on week to reach $662/t FOB, also from Tianjin port. During last week, hot coil orders from Turkiye accounted for a relatively large proportion of the total of overseas business that Chinese mills and traders concluded, according to market sources in Shanghai, with buyers