Strong Asian flat steel market pushes up export prices for Chinese CRC, HDG

A surging flat steel market in Asia is supporting export prices for Chinese cold-rolled coil and hot-dipped galvanized coil.

Cold-rolled coil
Fastmarkets’ weekly price assessment for steel cold-rolled coil, export, fob China main port was $640-650 per tonne on Tuesday November 17, up by $20-25 per tonne from $615-630 per tonne cfr a week earlier.
Chinese mills offered January-shipment exports at $655-670 per tonne fob China during the week, widening upward by $15 per tonne.
Surging domestic prices in China as well as stronger demand among overseas buyers supported these increases. Increasing prices for hot-rolled coil upstream were also another supporting factor.

Fastmarkets’ weekly price assessment for...

Published

Paul Lim

Miranda Song

November 18, 2020

08:00 GMT

Singapore