Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil experienced an uptick in the week to Tuesday July 9, although market participants expressed doubts that the recent uptrend was sustainable.
Flat steel prices in China rebounded after production curbs were announced in the country's steelmaking hub of Tangshan."I believe prices will not rise further because there are no signs that point to a significant recovery in demand yet," a trader in Tianjin said. Cold rolled coilFastmarkets' weekly export price assessment for steel cold-rolled coil export, fob China main port, was $540-550 per tonne fob China...