WEEKLY: China's HRC export prices slip for 5th week

China's export prices of hot-rolled coils (HRCs) stayed on the downward trend for the fifth straight week over November 11-15, and trading activities for the flat steel product were also sparse during the same period, Mysteel's weekly market roundup shows.

As of November 15, the Chinese export price of SS400 3mm HRC under Mysteel's assessment slipped by another $5/tonne on week to $487/t FOB from North China's Tianjin port. Dull demand for China-origin hot coils in overseas markets still pressured Chinese steelmakers to reduce their export quotations last week, which was further exacerbated by the weakness in China's domestic HRC market, according