China’s HRC export prices retreat as domestic market losses deepen

China’s export prices for hot rolled coil have fallen for the first time in about four months, with the country’s domestic market for the steel product softening for most of the past week.

Local HRC prices in China fell continually from last Wednesday until Monday, which led most Chinese mills to lower their offers to the export market, sources said.
Metal Bulletin’s assessment of prices for November shipments of commercial-grade, boron-containing SS400 HRC was $560-585 per tonne fob for the week ended Tuesday September 26, down $15-20 per tonne from a week ago.

Trading was largely muted in China’s export market...


Gladdy Chu

September 26, 2017

13:04 GMT