HRS from China to Singapore

The export price of China origin SS400 grade 3.0-12.0 mm x 1,500 mm x 6,000 mm hot rolled sheet to Singapore has been indicated as $525-535/mt CRF Singapore on actual weight basis for April shipment. SteelOrbis has been informed by Chinese steel exporters that the buyers in Singapore are willing to accept this price level. Nevertheless, the exporters are reluctant to export hot rolled sheets to them at this price because of the low profit margin and the potential risk of a decrease in the export rebate.