It is reported that domestic hot rolled steel prices continue to rebound this week and this is also the case with export offers.
On Shanghai market, commercial 4.75mm to 12mm*1500mm HRC goes at CNY 3350 per tonne to CNY 3400 per tonne up by CNY 150 per tonne to CNY 200 per tonne from last Friday.
Export quotations for Q235 or SS400 HRC have jumped to USD 500 per tonne FOB from USD 470 per tonne to USD 480 per tonne FOB in last week. This is the first time since this June. However, whether it is sustainable is dependent on whether there are enough orders from overseas countries.