China's HRC export prices holding steady after weeks of gains

China’s export prices for hot rolled coil remain strong after 15 weeks of increases, though they appear to be losing some steam amid recent weakness in the country’s domestic market.

Metal Bulletin’s assessment of prices for November shipments of commercial-grade, boron-containing SS400 HRC was $580-600 per tonne fob for the week ended Tuesday September 19, narrowing upwards by $5 per tonne from a week ago.
Export prices have increased by $150-165 per tonne from $430-435 per tonne fob on June 6, according to Metal Bulletin’s price archive.

After South Korean buyers booked 4,000 tonnes from Jiangxi-based Xinyu Iron & Steel at $600 per tonne fob earlier last week, other buyers from the country as well as Africa concluded transactions for 2,000-3,000 tonnes of the product at $595-600 per tonne fob in the middle of last...

Published

Gladdy Chu

September 19, 2017

11:05 GMT

Shanghai