SHANGHAI, Jun 13 (SMM) – Export orders were
weak recently. The export volume of 39 mainstream hot-rolled coil steel mills
surveyed by SMM is estimated at 596,000 mt in June, a decrease of 41,000 mt or
6.44% compared with the actual exports in May. Many steel mills said HRC
exports were weak in April and May due to poor overseas demand and lack of
competitiveness of Chinese HRC compared with those in South-east Asia.
The slump of
steel prices since mid April caused export profits to shrink and lowered
willingness to export, which would be reflected in falling exports in May and
June.