Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil firmed during the week to Tuesday November 5 as producers refused to lower their asking prices while they are able to obtain better prices domestically, sources told Fastmarkets.
Market participants had expected export prices to fall further last month but such a decline failed to materialize due to the support from domestic prices. Cold rolled coilFastmarkets' weekly price assessment for steel cold-rolled coil export, fob China, was $470-490 per tonne on Tuesday November 5, widening upwards by $10 per tonne from a week earlier."Chinese producers have mostly kept...