Trading activity was subdued because of a widening bid-offer spread for exports, which led most Chinese mills to focus on selling their products domestically, market participants said.
Fastmarkets’ weekly price assessment for steel cold-rolled coil export, fob China
was $465-475 per tonne on Tuesday, up by $5 per tonne from $460-470 per tonne a week earlier
No bookings were reported to Fastmarkets during the week, however.
"Prices for Chinese CRC are not competitive in the...