China's CRC, HDG export prices lose upward momentum on softening domestic market

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil lost some of their upward momentum in the week ended Tuesday September 15 amid a softening domestic market in China, sources told Fastmarkets.

Cold-rolled coil
Fastmarkets’ weekly price assessment for steel cold-rolled coil, export, fob China main port was $605-610 per tonne on Tuesday, up by $10-15 per tonne from $590-600 per tonne a week earlier.
Chinese mills’ offers were around $605 per tonne fob China during the week, largely unchanged from a week earlier after they gave some discounts, sources said.

Cargoes were still being negotiated to South America at $605-610 per...


Paul Lim

September 16, 2020

04:05 GMT