Asian steel mills withhold offers for CRC, HDG amid year-end holidays

Steel mills in China, South Korea and Vietnam have withheld offers for cold-rolled coil and hot-dipped galvanized coil in the past week amid the year-end holidays.

Notable exporters in China's eastern provinces of Liaoning and Shandong did not offer any steel products for both the hot-rolled and cold-rolled supply chain, although a major steel mill in Jiangsu listed unchanged offers for flat steel.
Cold-rolled coil
Fastmarkets’ weekly price assessment for steel cold-rolled coil, export, fob China main port was $760-770 per tonne on Tuesday December 29, narrowing by $10-45 per tonne from $750-815 per tonne cfr a week earlier.

"The spot...

Published

Paul Lim

Miranda Song

December 30, 2020

08:29 GMT

Singapore, Shanghai