Ex-China flat steel offers increase further

SteelOrbis has learned that 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 now at $530/mt FOB on actual weight basis, including nine percent export tax rebate, and for December shipments. This price range indicates an increase of $20/mt as compared to price levels for November shipments.
 
In the meantime, ex-China offers for DC01 1 mm x 1,250 mm x C cold rolled coil (CRC) have moved up by $30/mt as compared to price levels for November shipments to $615/mt FOB, including 13 percent export tax rebate, on actual weight basis, for payments via letter of credit and for December 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 increased by $20/mt as compared to price levels for November shipments and are now at $675/mt FOB, including 13 percent export tax rebate, on actual weight basis, for payments via letter of credit and for December shipments.