China’s CRC, HDG export prices down on shaky domestic market

China’s export prices for cold rolled coil and hot dipped galvanized coil decreased after the country’s Golden Week, with a volatile domestic market sparking concerns of further weakness.

Cold rolled coil Metal Bulletin’s assessment of prices for November/December shipments of SPCC 1.0mm CRC was $595-605 per tonne fob for the week ended Tuesday October 10, down $10-15 per tonne from two weeks earlier. The assessment was rolled over last week due to the holiday in China. As steel prices retreated in China’s domestic market on Tuesday following sharp gains just a day earlier, major mills in China, including Liaoning-based Benxi Iron & Steel, updated their offer prices to...

Published

Gladdy Chu

October 11, 2017

06:37 GMT

Shanghai