Ex-China flat steel prices indicate a decline

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) have decreased by $10/mt as compared to last week and are now standing at $550-560/mt FOB on actual weight basis, including nine percent export tax rebate, and for June shipments.
 
In the meantime, ex-China offers for DC01 1 mm x 1,250 mm x C cold rolled coil (CRC) have moved down by $5-10/mt since last week to $640-650/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 softened by $5/mt to $680-690/mt FOB, including 13 percent export tax rebate, on actual weight basis, for payments via letter of credit and for June shipments.