Export prices for Chinese CRC, HDG mixed amid volatility

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil were mixed in the past week amid a volatile market affected by fluctuating steel futures.

Cold-rolled coil
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...

Published

Paul Lim

Alice Li

May 19, 2021

04:52 GMT

Singapore, Shanghai