Chinese HRC export prices fall further on domestic weakness

The rate of decline in China’s export prices for hot rolled coil picked up over the past week amid a further softening of the domestic market.

Metal Bulletin’s assessment of prices for June shipments of commercial-grade, boron-containing SS400 HRC was $415-420 per tonne fob for the week ended Tuesday April 18, down $25 per tonne from a week ago.

As domestic prices for HRC fell for a second consecutive day – and at a faster rate – on Tuesday, major Chinese mills such as Jiangsu-based Shagang and Shandong-based Rizhao Iron & Steel...

Published

Gladdy Chu

April 18, 2017

12:34 GMT

Shanghai