China’s CRC, HDG export prices rise on HRC uptrend, production restrictions

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil climbed during the week to Tuesday November 12 because of higher prices in the upstream hot-rolled coil market, sources said.

HRC prices were boosted by strong domestic demand and production restrictions imposed by China’s Ministry of Ecology and Environment on cities in the Yangtze River Delta to reduce air pollution.
Cold rolled coil
Fastmarkets’ weekly price assessment for steel cold-rolled coil export, fob China, was $485-495 per tonne on Tuesday November 12, up $5-15 per tonne from a week earlier.

Liaoning-based Benxi Iron & Steel on Tuesday issued an offer of $515 per tonne fob for January 2020-shipment CRC, up...


Lee Ken Kiat

November 12, 2019

11:03 GMT