Ex-China HRC and CRC export offers soften

SteelOrbis has learned from market sources 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 at $580-590/mt FOB on actual weight basis, including nine percent export tax rebate, and for September shipments. This price range indicates a decrease of about $10/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 moved down by $5-10/mt since last week and are now at the price level of $650-660/mt FOB, including 13 percent export tax rebate, on actual weight basis, for payments via letter of credit and for September shipment.