Chinese cold-roll coil export tags still diving in weak mart

Jul 19, 2012 | 12:38 PM | None

Tags  cold-rolled coil, steel prices, Baosteel, Hebei Iron & Steel, Wuhan Iron & Steel, Anshan Iron & Steel

SHANGHAI, China — China’s cold-rolled coil export prices fell again this week amid lower domestic prices and weak buying sentiment.

Base export prices for the product are at $625 to $630 per tonne f.o.b., down $10 to $15 from two weeks ago.

"(Cold-rolled coil) export prices follow the domestic falls. Further drops are likely after major steelmakers cut list prices for August shipment," a major trader in Shanghai told AMM sister publication Metal Bulletin. ....

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