China’s flat steel export offers soften further

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 $590-600/mt FOB on actual weight basis, including nine percent export tax rebate, and for August shipment. This price range indicates a decrease of about $10/mt as compared to last week, while traders state that transactions at this price range are very scarce.
 
In the meantime, ex-China offers for DC01 1 mm x 1,250 mm x C cold rolled coil (CRC) have moved down by $10-15/mt since last week and are now at the price level of $660-665/mt FOB, including 13 percent export tax rebate, on actual weight basis, for payments via letter of credit and for August 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 have declined by $10/mt as compared to last week and are standing at $710-720/mt FOB, including 13 percent export tax rebate, on actual weight basis, for payments via letter of credit and for August shipments.