Chinese CRC, HDG export prices drop as domestic market weakens further

Export prices for Chinese cold rolled coil (CRC) and hot dipped galvanized coil (HDG) fell further over the past week, following price drops in the domestic market.

Cold rolled coil Metal Bulletin’s weekly price assessment for May/June shipments of SPCC 1mm CRC was $470-480 per tonne fob for the week ending Tuesday April 11, down $35-40 per tonne. With demand from both domestic and overseas buyers remaining weak and mills facing increasing pressure from rising inventories, CRC export prices have fallen faster than those in the home market, sources said. Domestic prices were...

Published

Gladdy Chu

April 12, 2017

04:20 GMT

Shanghai