Fastmarkets’ weekly price assessment for steel CRC, export, fob China main port
was $920-950 per tonne on Tuesday, up by $15-40 per tonne from $905-910 per tonne on July 13
Key market participants indicated spot prices at $920-950 per tonne fob China during the week, based on transactions concluded and seller expectations of being able to sell at these levels.
“The growing expectation of supply reductions [raised] China's domestic steel prices and export prices followed... But concerns over the potential removal of tax rebates kept overseas buyers on the sidelines. The...