China: export flats prices to add $20-30/t in January

摘要

Chinese flats market has faced a downturn in activity amid coming holidays. In particular, almost all the exportershave withdrawn their offers, planning to implement an increase in early January in view of an expected recovery ofdemand from traders of SE Asia amid lowering stocks. Steel traders forecast export prices for Chinese flats will addabout $20/t in the first half of January, supported by higher iron ore quotations and favorable domestic market.