Currently, China's mainstream export quotations of boron-added SS400 5.75-12 mm x 1,800-2,000 mm x C hot rolled coil (HRC) are standing at $620/mt FOB for January shipment, including 13 percent export tax rebate, up by $10/mt as compared to the previous week.
During the past week, most domestic mills in China have raised their HRC prices, due to increased costs arising from inflation. Although HRC export offers of $610/mt FOB are still heard in the market, they are few in number.