Chinese HRC and CRC for export
Chinese mills, reportedly, offer hot rolled coils for export in $350-380/mt FOB and cold rolled coils in $450-490/mt FOB range.
Recently both supply and demand are growing in
China on the exports side. SteelOrbis learnt that major steel mills
Angang, Benxi and
WISCO have raised their flat rolled product prices by $10-15/mt last week and other mills are expected to follow the increase. There is demand from
Malaysia, and Megasteel is reportedly getting inquiries for Chinese products. Therefore prices may go up for the deliviries destined to
Malaysia. Demand from Vietnam is also high for hot rolled sheets and bids from Vietnamese buyers increased around $10/mt.