Posted on 26 Nov 2025
China’s export price for hot-rolled coil (HRC) increased slightly over November 15-21, with Mysteel assessing the export price for SS400 3mm HRC at North China’s Tianjin port on November 21 at $445/tonne FOB, higher by Yuan 5/t on week, Mysteel's latest market roundup showed.
The mild rebound was mainly driven by a rally in domestic HRC futures prices and the stronger Yuan, according to a market participant.
However, overseas demand for the flat steel remained relatively tepid, and this, together with the market's prevailing cautiousness, prompted many buyers to delay procurement, a Shanghai-based ferrous analyst noted.
By November 21, offering prices from mainstream state-owned steel mills were between $460-475/t FOB China, with transaction prices lower by $10/t from the offering prices.
Export prices for HRC from private firms were $5-10/t below those of state-owned mills, dragging export prices at Tianjin port lower overall, the analyst explained.
In Vietnam, local hot coil demand was relatively sluggish during the survey week, as torrential rains in some parts of the country hampered local transportation, slowing down buyers' purchasing activities, market sources suggested. Quoted prices for Indonesian hot coils to Vietnam held generally steady at $494-500/t CFR, with the tradable level hovering between $494-495/t CFR Vietnam.
The UAE market saw a new batch of deals concluded last week. However, overall demand saw no salient improvement, with buyers maintaining procurement on a need-to-buy basis, according to the report. Chinese hot coils to the UAE were transacted at around $475-485/t CFR, while a small volume of South Korean hot coils were sold slightly higher at $505/t CFR.
In Saudi Arabia, HRC offers to the country were at slightly higher prices, with Chinese 1.2mm hot coils to Saudi Arabia quoted at $535-540/t CFR, up by $5/t from the previous week's $530-535/t CFR. No major deals were heard in the region.
Meanwhile, China's export price of SPCC 1.0mm cold-rolled coil (CRC) under Mysteel's assessment edged up last week after a five-week decline. As of November 21, the price had climbed by $2/t on week to $512/t FOB Tianjin.
Source:Mysteel Global
