Fastmarkets’ weekly price assessment for steel cold-rolled coil, export, fob China main port
was $750-765 per tonne on Tuesday January 12, widening upward by $5 per tonne from $750-760 per tonne cfr a week earlier
Traders said cargoes were sold at $750-765 per tonne fob China during the week. These mainly consisted of products sold by smaller Chinese mills, which had more competitive prices than those for cargoes offered by major steelmakers.
Major mills are in no hurry to offload cargoes because they concluded a lot of transactions in the past few weeks. As such, they are not entertaining low bids from overseas buyers,...