Chinese CRC, HDG export prices steady after SHFE stems rally

Export prices for Chinese cold-rolled coil and hot-dipped galvanized steel coil were unchanged in the week to Tuesday December 5, after steel futures prices stemmed their rally and the yuan’s appreciation trend came to a halt.

Trading for Chinese CRC and HDG exports, however, remained subdued with overseas buyers yet to accept the sharply higher offers, market participants told Fastmarkets.

Traders and mills said that overseas...


Zihuan Pan

December 05, 2023

13:40 GMT