China’s CRC, HDG export prices climb on sustained domestic uptrend

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil rose over the past week following gains in the domestic market, sources told Fastmarkets on Tuesday May 26.

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.
Cold-rolled coil
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...

Published

Lee Ken Kiat

May 26, 2020

10:58 GMT

Singapore