China CRC, HDG export prices steady despite dip in demand

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil were mostly unchanged in the week to Tuesday July 23, with production cuts imposed on steelmakers in China limiting the impact of declining demand.

Prices are likely to stagnate at current levels for now in the absence of any new developments, a trader in Tianjin said. Cold-rolled coil Fastmarkets' weekly price assessment for steel cold-rolled coil export, fob China, was $540-550 per tonne on Tuesday July 23, unchanged from a week earlier. A cargo of CRC...

Published

Lee Ken Kiat

July 23, 2019

12:39 GMT

Singapore