Chinese export offers for HRC

SteelOrbis has been informed that SS400 3.0-12.0 mm x 1,500 mm HRC is being offered by Chinese mills to the export markets at a price range of $480-500/mt FOB China for late June/late July shipment. The price level has increased by about $10/mt since last week and includes nine percent export rebate. It is heard that some deals for small tonnages have been concluded at the low end of this price range, with the destinations in question reported to include South Korea and Vietnam.