Fastmarkets’ weekly price assessment for steel cold-rolled coil, export, fob China main port
was $970-1,000 per tonne on Tuesday May 18, narrowing by $30-45 per tonne from $925-1,030 per tonne a week earlier
Some Chinese traders adopted a wait-and-see approach during the week because of a variety of offers from different mills amid a volatile spot market in response to the ups and downs in China’s steel futures market since last week.
“The market is in chaos due to the sharp price adjustments last week. Some sellers have lowered their offers, while others have maintained them,” a...