SteelOrbis has learned from market sources that Chinese offers to the export markets for SS400 grade 3-12 mm x 1,500-2,000 mm boron-added hot rolled coil (HRC) are at $555-570/mt FOB on actual weight basis, including nine percent export tax rebate, and for September shipments. This price range indicates a significant drop of $20-35/mt as compared to last week.
In the meantime, ex-China offers for DC01 1 mm x 1,250 mm x C cold rolled coil (CRC) have declined by $30-40/mt since last week to the price level of $610-630/mt FOB, including 13 percent export tax rebate, on actual weight basis, for payments via letter of credit and for September shipment.
SteelOrbis has further learned that Chinese offers to the export markets for DX51D 0.8-1.0 mm x 1,219 mm 120 gr/m² zinc coated hot dip galvanized (HDG) coils are currently standing at $670-680/mt FOB, including 13 percent export tax rebate, on actual weight basis, for payments via letter of credit and for September shipments. This price range indicates a decrease of $20/mt as compared to last week.