Chinese CRC, HDG export prices rise after SHFE prices hit 8-month high
Export prices for Chinese cold-rolled coil and hot-dipped galvanized steel coil cruised higher in the week to Tuesday March 7, after futures prices for hot-rolled coil hit the highest level in about eight months.
Trading for Chinese CRC and HDG, meanwhile, weakened over the past week, with the price rally and arrival of previous orders keeping buyers on the sidelines, market participants told Fastmarkets.