Chinese CRC, HDG export prices diverge amid yuan depreciation

Export prices for Chinese cold-rolled coil continued to rise in the week to Tuesday February 28, while those for hot-dipped galvanized steel coil dipped.

The divergence follows a further weakening of the Chinese yuan and after steel futures prices stemmed their rally.

Some Chinese mills and traders held back from lowering their export offers...

Published

Zihuan Pan

February 28, 2023

13:18 GMT

Shanghai