China CRC, HDG export prices steady despite sluggish demand

Chinese cold-rolled coil and hot-dipped galvanized coil export prices held steady over the past week amid stable domestic demand, although trading activity remained sluggish in the export markets.

Cold rolled coil Fastmarkets’ weekly price assessment for steel cold-rolled coil export, fob China, was $505-510 per tonne on Tuesday September 17, unchanged from a week earlier. On Tuesday, Liaoning-based Benxi Iron & Steel was offering November-shipment CRC at $520 per tonne fob, up by $5 per tonne week on week. Several Chinese steel mills were seeing improved demand for CRC in the domestic market, which contributed to gains in domestic CRC prices and that in turn provided support for export prices,...

Published

Lee Ken Kiat

September 17, 2019

12:07 GMT

Singapore