Uptick expected in Chinese hot rolled offers

摘要

East Asian traders are anticipating that Chinese mills will mill raise their hot rolled coil offers by $10/t in price lists to be announced next week. The new offers are expected to be around $540-550/t fob, up from the lowest offers of $530/t fob in recent weeks but still under the $550-$560/t fob quoted by rival East Asian mills, said market sources.