hot-rolled steel coil export prices climbed again Monday amid
improving market sentiment, sources said.
The latest booked prices for
commercial-grade, boron-containing hot-rolled coil exports for
March shipment rose $5 from a week earlier to $560 to $565 per
tonne f.o.b., while export offers firmed to a range of $570 to
$575 per tonne f.o.b. from $565 to $575 in the same
"The price increase reflects the
improvement in bookings and the firm domestic market," a sales
official with a northern Chinese steelmaker told AMM
sister publication Steel First.
Activity was slow Monday due to
the year-end holiday, but market sources said they expect the
higher pricing to largely stick.
"Though there will not be large
trading volume this week due to the New Year holiday,
steelmakers will certainly stick to current prices," a Shanghai
A steel trader in Zhejiang
agreed that the export price increase may have legs, noting
that steelmakers are not willing to sell at below $560 per
And that trend is likely to continue, Chinese steel
exporters said, citing expectations that offers will rise
further in January.
A version of this article was first
published by AMM sister publication Steel