Export prices for Chinese CRC, HDG continue ascent despite souring sentiment

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil continued to rise in the past week despite deteriorating sentiment in the Asian flat steel market.

Cold-rolled coil
Fastmarkets’ weekly price assessment for steel cold-rolled coil export, fob China was $510-520 per tonne on Tuesday July 28, up by $5 per tonne from $505-515 per tonne a week earlier.
Chinese mills raised their CRC offers by $5 per tonne during the week to $535 per tonne fob.
Traders concluded transactions at $510-520 per tonne fob China during the period, but steel mills were not willing to cede discounts to direct buyers and traders.

“CRC is in tight supply now for the export market, not just because domestic prices are good,...

Published

Paul Lim

July 29, 2020

07:26 GMT

Singapore