Chinese CRC, HDG export prices tumble to lowest level in 16 months

Chinese mills sharply lowered their export prices for cold-rolled coil and hot-dipped galvanized steel coil in the week ended Tuesday June 21 following a tumble in steel futures prices due to bearishness stemming from weak demand.

The most-traded contract for hot-rolled coil - the substrate for CRC and HDG - for October delivery on the Shanghai Futures Exchange had fallen for six trading days in a...

Published

Zihuan Pan

June 21, 2022

12:37 GMT

Shanghai