During the week ending June 11, Chinese export offers of flat steel products have mostly followed a slight downtrend due to sluggish overseas demand. At present, export offers for boron-added 5.75 mm hot rolled coil (HRC) given by Chinese suppliers are at $350-360/mt FOB, while export offers for 1.0 mm cold rolled coil (CRC) given by Chinese suppliers are at $400-410/mt FOB.
During the given week, flat steel prices in the Chinese domestic market have softened, exerting a negative impact on export offers. It is expected that ex-China flat prices will continue their slight downtrend in the coming week as the traditional offseason in the domestic market will negatively affect exports.
As of today, June 11, Chinese flat steel export offers are as follows:
Product name |
Quality |
Specification (mm) |
Price ($/mt) FOB |
Weekly change ($/mt) |
Q235B/SS400 |
5.7 x 1,500 x C |
355 |
-3 |
|
Q235B/SS400 |
2.75 x 1,250 x C |
365 |
-5 |
|
ST12 |
1.0 x 1,250 x C |
405 |
-5 |
|
ST12 |
0.6 x 1,250 x C |
410 |
-5 |
|
HRP |
Q235 |
20 |
375 |
-5 |
Shipbuilding Plate |
CCSA/B |
20 |
390 |
-5 |
PPGI |
CGCC |
0.476 x 1,000 x C |
675 |
0 |
HDG |
SGCC |
0.5 x 1,000 x C |
490 |
0 |
SGCC |
1.0 x 1,250 x C |
480 |
0 |