Domestic hot-rolled coil (HRC) prices in eastern China eased to 3,310–3,320 yuan per tonne on September 23.
Some traders offered small discounts to attract buyers in a subdued spot market.
Fastmarkets’ HRC export index declined $1.06 to $495.12 per tonne FOB.
Overseas buyers pushed for lower prices amid weak downstream demand and uncertainty over freight costs.
Offers from smaller private mills stood at $492–500 per tonne FOB.
