During the week ending August 8, average export offer prices of flat steel from China have moved on a downward trend. At present, export offers for boron-added 5.75 mm hot rolled coil (HRC) given by Chinese suppliers are at $490-500/mt FOB, while export offers for 1.0 mm cold rolled coil (CRC) given by Chinese suppliers are in the range of $540-550/mt FOB.
Flat steel product export prices from China have softened amid weakening support iron ore prices which have been moving on a declining trend. It is expected that flat steel product export prices from China will move sideways in the coming week.
Product name |
Quality |
Spec. |
Price ($/mt) FOB |
Weekly change ($/mt) |
HRC |
Q235B/SS400 |
5.75 mm x 1,500 x C |
495 |
↓20 |
Q235B/SS400 |
2.75 mm x 1,250 x C |
555 |
↓15 |
|
CRC |
ST12 |
1.0 mm x 1,250 x C |
545 |
↓5 |
ST12 |
0.6 mm x 1,250 x C |
575 |
0 |
|
HRP |
Q235 |
20 mm |
520 |
↓5 |
Shipbuilding Plate |
CCSA/B |
20 mm |
540 |
↓5 |
HDG |
SGCC |
1.0 mm x 1,250 mm x C |
610 |
↓5 |
SGCC |
0.5 mm x 1,000 mm x C |
645 |
↓5 |
|
PPGI |
CGCC |
0.476 mm x 1,000 mm x C |
760 |
↓5 |
