During the week ending June 25, Chinese export offers of flat steel products have mostly followed a stable trend. At present, export offers for boron-added 5.75 mm hot rolled coil (HRC) given by Chinese suppliers are at $350-360/mt FOB, while export offers for 1.0 mm cold rolled coil (CRC) given by Chinese suppliers are at $405-410/mt FOB.
Product name | Quality | Specification (mm) | Price ($/mt) FOB | Weekly change ($/mt) |
Q235B/SS400 | 5.75 x 1,500 x C | 355 | 0 | |
Q235B/SS400 | 2.75 x 1,250 x C | 365 | 0 | |
ST12 | 1.0 x 1,250 x C | 405 | 0 | |
ST12 | 0.6 x 1,250 x C | 410 | 0 | |
HRP | Q235 | 20 | 375 | 0 |
Shipbuilding Plate | CCSA/B | 20 | 390 | 0 |
PPGI | CGCC | 0.476 x 1,000 x C | 675 | 0 |
HDG | SGCC | 0.5 x 1,000 x C | 490 | 0 |
SGCC | 1.0 x 1,250 x C | 480 | 0 |
During the given week, flat steel prices in the Chinese domestic market have continued to soften slightly. However, Chinese suppliers' export offer prices for flat products have remained unchanged, while export transaction activity has been slack. It is thought that Chinese flat steel export prices will indicate a slight downtrend or remain stable in the coming week amid slack demand in both the domestic and overseas markets.