In particular, buying interest from Southeast Asia was muted due to the recently concluded election in Thailand as well as the upcoming elections in Indonesia and the Philippines, Chinese traders told Fastmarkets.
Fastmarkets’ weekly export price assessment for Chinese SPCC 1mm CRC was $565-575 per tonne fob China on Tuesday, the same as a week earlier.
A handful of deals involving small shipments of CRC were concluded at $570 per tonne fob to Southeast Asia and South America.
The major steelmakers in China generally maintained their offer levels for the product.
Liaoning-based Benxi Iron & Steel offered June-shipment CRC at $575 per tonne fob on Tuesday for this week, unchanged from last...