Chinese HRP export prices lose $15-20/t over two weeks, demand sluggish so far

摘要

Chinese HR plate export prices have fallen over two weeks on sluggish demand abroad and weak local market.Some insiders think that quotes have already reached the bottom, but expectations are pessimistic so far, as suppliershave not improved sales yet. Currently Chinese mills are offering HR plate (SS400, 8-50 mm) at $310-320/t FOB, which means $15-20/t decreasefrom early July.