During the week ending June 4, Chinese export offers of flat steel products have mostly followed a slight downtrend. At present, boron-added 5.75 mm hot rolled coil (HRC) export offers given by Chinese suppliers are at $355-360/mt FOB, while 1.0 mm cold rolled coil (CRC) export offers given by Chinese suppliers are at $405-415/mt FOB.
During the given week, some suppliers decreased their offer prices to attract more orders, while others have been unwilling to cut their prices, instead preferring to wait for an improvement in demand. It is expected that ex-China flat prices will continue their slight downtrend in the coming week as demand in the overseas markets has not shown any signs of picking up.