China’s CRC, HDG export prices mostly stable in quiet year-end trading

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil were mostly unchanged during the week to Tuesday December 31 amid a slowdown in trading activity over the Christmas and New Year holidays.

Sources told Fastmarkets that many Chinese steelmakers did not issue new offers today on New Year’s Eve and trading activity is likely to pick up again only next week.
Market participants expect suppliers to continue targeting higher prices for CRC and HDG amid the gains seen in the upstream hot-rolled coil market.

Chinese HRC export prices are not expected...

Published

Lee Ken Kiat

December 31, 2019

08:59 GMT

Singapore