China's CRC, HDG export prices surge on South American demand

Export prices for cold-rolled coil and hot-dipped galvanized coil in China surged in the past week amid strong demand from South America.

Cold-rolled coil
Fastmarkets’ weekly price assessment for steel cold-rolled coil, export, fob China main port was $650-670 per tonne on Tuesday November 24, up by $10-20 per tonne from $640-650 per tonne cfr a week earlier.
Chinese mills offered January-shipment cargoes at $670-685 per tonne fob China during the week, up by $15 per tonne week on week.

A Shanghai-based trader said a mill in northern China was willing...


Paul Lim

Miranda Song

November 25, 2020

07:00 GMT