Chinese HRC export price start dropping on weaker domestic market
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Tuesday, 25 Aug 2009
It is reported that Chinese export offers for HRC dropped slightly last week following the weakening domestic prices.
Domestic change
| Item | 06-Aug | 21-Aug | Change | % |
| PI - HR | 7003 | 6168 | -836 | -12% |
PI- Product Index
Export levels
HRC
SS 400
4.5mm to 11mm
| 14-Aug | 21-Aug | Change |
| 550-600 | 540-580 | 10-20 |
In USD per tonne
FOB China
Though some transactions are heard in the market, Chinese hot rolled coils remain uncompetitive in the international market.
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(Sourced fromwww.steelprices-china.com)
