Export prices for Chinese cold-rolled coil (CRC) and hot-dipped galvanized coil (HDG) increased further over the past week, amid an uptick in spot trading and higher offers from mills, although the price uptrend appears to be slowing down.
A handful of deals were done for both products during the week ended Tuesday February 19, in contrast to the previous week when none were reported.Yet, some traders still have not concluded any CRC or HDG transactions since the Lunar New Year started in early February."China's offer prices [for flat steel] continued to increase, but many customers stayed in wait-and-see mode and did not accept the higher prices," a Southeast Asia-based source said on Tuesday.Cold-rolled coilFastmarkets MB's weekly export price assessment for Chinese SPCC 1.0mm CRC was $540-550...