Chinese flat steel exporters retract last week’s price increase attempt

Chinese flat steel exporters had tried to move up their flat steel export offer prices last week, as SteelOrbis previously reported. This week, however, these suppliers seem to have retracted their price increases.
 
Accordingly, 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 $630-635/mt FOB on actual weight basis, including nine percent export tax rebate, and for June shipments. This prices have indicated a drop of $10-20/mt 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 decreased by $5/mt as compared to last week and are now at the price level of $710-720/mt FOB, including 13 percent export tax rebate, on actual weight basis, for payments via letter of credit and for June 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 moved down by $5/mt as compared to last week and are currently at $745-750/mt FOB, including 13 percent export tax rebate, on actual weight basis, for payments via letter of credit and for June shipments.