Chinese HR C suppliers sustain export prices, trade in lull ahead of tax rebate cut announcement

摘要

Chinese HRC export prices remained high this week with very few sales heard in the market. The export business has considerably slowed down as suppliers are waiting for the government’s final decision on export tax refunds. Meanwhile, both mills and traders are bullish on the further market development. Most of major Chinese steelmakers were still offering HRC (SS400, 3?12 mm) at $740?765/t FOB. Chinese traders, which were more flexible recently, offered at $740?745/t FOB. “The current price level is indicative as most suppliers just stopped offering, they are waiting for the tax rebate change announcement on April 1,” a Chinese trading company told Metal Expert.