China's CRC, HDG export prices rise in wake of surging domestic market, stronger exchange rate

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil increased in the week to Tuesday October 14 in the wake of rising domestic values and a stronger exchange rate after China's Golden Week national holiday.

Cold-rolled coil
Fastmarkets’ weekly price assessment for steel cold-rolled coil, export, fob China main port was $600-610 per tonne on Tuesday, up $15-20 per tonne from $585-590 per tonne cfr in the week of September 29.
Chinese mills increased their export offers to $605-615 per tonne fob China, compared with $600-605 per tonne fob China before the holiday, in line with increasing domestic steel prices.

"The spot market is seeing limited trades for now due to the increase in prices and buyers are not willing to buy at these levels," a Chinese...


Paul Lim

Miranda Song

October 14, 2020

06:10 GMT

Singapore, Shanghai