News Room - Steel Industry

Posted on 16 Apr 2008

Chinese HRC export price continue to move up

It is reported that HR steel coil export offers have been raised again by Chinese steel makers in face of rising production cost and strong overseas market. 

On shanghai market, commodity grade 4.5mm to 11.5mm*1500mm HRC is being offered at CNY 5380 per tonne to CNY 5400 per tonne, that for 1800mm wide material goes at CNY 5630 per tonne to CNY 5650 per tonne. Low alloyed 7.5mm HRC is tagged at CNY 5550 per tonne, 11.5mm at CNY 5700 per tonne.

According to trading sources export quotations are prevailing at USD 900 per tonne FOB and up and some steel producers have shoot up price to USD 920 per tonne FOB for June shipment. However, transaction prices are still between USD 885 per tonne to USD 895 per tonne FOB.

A North East China based major steel mill is said to be quoting at USD 930 per tonne FOB and other steel makers are expected to follow suit in the coming weeks.