China’s CRC, HDG export prices surge on higher iron ore costs, HRC prices
Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil increased over the past week, tracking gains in the iron ore and upstream hot-rolled coil markets, sources said on Tuesday June 2.
Iron ore prices climbed above $100 per tonne for the first time this year on May 29, buoyed by concerns over reduced supplies from Brazil
, which subsequently boosted prices for finished steel products, including HRC
Fastmarkets’ weekly price assessment for steel cold-rolled coil export, fob China
, was $490-495 per tonne on Tuesday June 2, up by $20-25 per tonne from $465-475 per tonne a week earlier
“Most Chinese mills are unable to export CRC because their prices are too high for...