Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil declined over the past week, resuming their previous downtrend amid weak foreign demand and lower offers from mills.
Both prices were previously in a two-month slump, but stopped falling in the week ended December 4 when Chinese domestic steel markets rebounded as a result of easing trade tensions between China and the United States.But the uptrend could not be sustained because demand for CRC and HDG remained soft, market sources said.Cold-rolled coilFastmarkets MB's export price assessment for Chinese SPCC 1.0mm CRC for the week ended Tuesday December 11 was $530-535 per tonne fob China, down $5-10 per tonne from...