China’s CRC export prices narrow lower, but those of HDG rise amid tight supply

Chinese cold-rolled coil export prices narrowed downwards on tepid demand in the week to Tuesday December 3, while those of hot-dipped galvanized coil rose amid tight spot supply.

Cold rolled coil
Fastmarkets’ weekly price assessment for steel cold-rolled coil export, fob China, was $515-520 per tonne on Tuesday, narrowing downwards $5 per tonne from a week earlier.
Liaoning-based Benxi Iron & Steel on Tuesday issued an offer of $530 per tonne fob for February 2020-shipment CRC, unchanged from last week.

There was limited interest from buyers due to weak...


Paul Lim

December 03, 2019

09:56 GMT