China’s CRC, HDG export prices steady ahead of Lunar New Year

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil were flat over the past week because many market participants were in the process of leaving for vacation ahead of the January 24-30 Lunar New Year holiday, sources told Fastmarkets.

“Trading activity is limited because most mills have stopped accepting new orders,” a trader in Hangzhou said.
Cold rolled coil
Fastmarkets’ weekly price assessment for steel cold-rolled coil export, fob China was $540-550 per tonne on Tuesday January 21, unchanged from a week earlier.

Offers for Chinese CRC were heard at...

Published

Lee Ken Kiat

January 21, 2020

09:32 GMT

Singapore