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 $580-600/mt FOB on actual weight basis, including nine percent export tax rebate, and for September shipments. This price range indicates a decrease of about $10/mt on the lower end of the price range 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 not moved since last week and are still at the price levels of $660-665/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 unchanged at $710-720/mt FOB, including 13 percent export tax rebate, on actual weight basis, for payments via letter of credit and for September shipments.