Export prices for Chinese cold-rolled coil (CRC) and hot-dipped galvanized (HDG) coil edged up during the week ended Wednesday December 26 following a two-week decline, with most mills no longer in a rush to secure overseas sales.
Major mills in China generally lowered their asking prices for both products, but only accepted smaller discounts on their offers for confirmed bookings, in contrast to the previous week when they were willing to give large discounts of $15-25 per tonne, sources told Fastmarkets MB.But demand continued to be tepid, with many overseas buyers exiting the market for the year-end holidays.Cold-rolled coilFastmarkets MB's weekly export price assessment for Chinese SPCC 1.0mm CRC was $525-535 per tonne fob China on Wednesday, up $5-10 per tonne from December 18.Major Liaoning-based steelmaker Benxi Iron & Steel lowered its CRC offer on Tuesday by...