China’s CRC, HDG export prices up further on higher offers, domestic gains

Export prices for Chinese cold-rolled coil (CRC) and hot-dipped galvanized coil (HDG) increased again over the past week, with some mills continuing to raise their offers amid bullish sentiment and a stronger domestic market.

Cold-rolled coil Fastmarkets MB’s weekly export price assessment for Chinese SPCC 1.0mm CRC was $545-555 per tonne fob on Tuesday February 26, up $5 per tonne from $540-550 per tonne fob a week earlier. No CRC bookings were reported during the week to Tuesday. Major Liaoning-based steelmaker Benxi Iron & Steel offered May-shipment CRC on Tuesday at $555 per tonne fob for this week, unchanged week on week. Another supplier was asking for $545 per tonne fob China in East Asia, while...

Published

Fiona Lam

February 26, 2019

09:30 GMT

Singapore