China’s export prices for CRC, HDG rise on domestic strength

Export prices for Chinese cold rolled coil and hot dipped galvanized coil (HDG) increased further over the past week as the country’s domestic market continued to strengthen.

Cold rolled coil
Metal Bulletin’s assessment of prices for July shipments of SPCC 1.0mm CRC was $465-475 per tonne fob for the week ended Tuesday May 23, up $5-10 per tonne from a week earlier.
Major mills in China including Benxi Iron & Steel, Anshan Iron & Steel, Wuhan Iron & Steel are offering CRC at around $480 per tonne fob this week, generally unchanged compared with last week given the soft buying interest among overseas buyers at the moment, according to market participants.

However, the discount that Chinese...

Published

Gladdy Chu

Jessica Zong

May 24, 2017

05:15 GMT

Shanghai