Chinese HRC export prices fall faster as domestic market weakens

China’s export prices for hot rolled coil have fallen at a faster pace over the past week amid a weakening of the country’s domestic market.

Metal Bulletin’s assessment of prices for May shipments of commercial-grade, boron-containing SS400 HRC was $470-480 per tonne fob for the week ended Tuesday March 28, down $15-20 per tonne from a week ago.

On Tuesday, HRC prices were at 3,310-3,350 yuan ($482-488) per tonne in east China, down 220-240 yuan ($32-35) per tonne from a week ago. The prices had fallen by 130-150...

Published

Gladdy Chu

March 28, 2017

13:26 GMT

Shanghai