China’s CRC, HDG export prices decline on intense price competition, soft demand

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil fell during the week to Tuesday October 22 on weak demand in the export market and aggressive pricing strategies adopted by suppliers in other regions, market sources said.

Despite facing stiff competition for export sales, Chinese producers are reluctant to slash prices much further because of stable prices in the domestic market, sources told Fastmarkets.
Cold rolled coil

Fastmarkets’ weekly price assessment for steel cold-rolled coil (CRC) export, fob China, was $470-480 per tonne on Tuesday October 22, down by $10-15 per tonne from a week...

Published

Lee Ken Kiat

October 22, 2019

12:59 GMT

Singapore