During the week ending October 8, Chinese export offers have indicated an overall declining trend. At present, export offers for boron-added 5.75 mm hot rolled coil (HRC) given by Chinese suppliers are at $270-290/mt FOB, while export offers for 1.0 mm cold rolled coil (CRC) given by Chinese suppliers are at $305-335/mt FOB.
Before the National Day Holiday (October 1-7), Chinese flat steel export offer prices had also been moving on a soft trend. It is thought that ex-China flat prices will likely continue their downtrend in the coming week, though possibly with smaller decline margins.
Product name | Quality | Spec. | Price ($/mt) FOB | Weekly change ($/mt) |
Q235B/SS400 | 5.75 mm x 1,500 x C | 280 | -5 | |
Q235B/SS400 | 2.75 mm x 1,250 x C | 297.5 | -2.5 | |
ST12 | 1.0 mm x 1,250 x C | 320 | -15 | |
ST12 | 0.6 mm x 1,250 x C | 330 | -15 | |
HRP | Q235 | 20 mm | 280 | -10 |
Shipbuilding Plate | CCSA/B | 20 mm | 295 | -10 |
PPGI | CGCC | 0.476 mm x 1,000 mm x C | 620 | -20 |
HDG | SGCC | 1.0 mm x 1,250 mm x C | 430 | -15 |
SGCC | 0.5 mm x 1,000 mm x C | 440 | -15 |