Chinese steel export tag cuts aim to stir sales

Aug 08, 2012 | 10:30 AM | None

Tags  Chinese steel exports, steel prices, wire rod, galvanized, Shagang Group, Hebei Iron & Steel

SHANGHAI, China — China’s flat and long steel export prices have eased as steelmakers try to prop up their export business with more competitive offers.

Hot-dipped galvanized base prices drifted to a nine-month low, falling $10 per tonne to a range of $650 to $660 per tonne f.o.b. for late September and early October shipment. This compares with a peak price of $750 to $770 per tonne f.o.b. over the past nine months.....

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