Exporters increased prices to make up for a shortfall from selling in dollars, sources told Fastmarkets.
The exchange rate was 6.8954 yuan per $1 on January 14, compared with 6.969 yuan to $1 a week earlier, according to China’s State Administration of Foreign Exchange.
Cold rolled coil
Fastmarkets’ weekly price assessment for steel cold-rolled coil export, fob China
, was $540-550 per tonne on Tuesday January 14, up by $5-10 per tonne from a week earlier