Chinese CRC, HDG export prices rise in expectation of output drop

Export prices for cold-rolled coil and hot-dipped galvanized coil in China increased in the week to Tuesday July 20, after domestic prices pushed up ahead of an expected drop in the country's steel output in the second half of the year, sources told Fastmarkets.

Cold-rolled coil
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...

Published

Paul Lim

Zihuan Pan

July 21, 2021

08:05 GMT

Singapore