It is reported that export price for Chinese cold rolled steel coil keep stable this week despite further decrease in domestic market prices.
On Shanghai market, 1.0mm CR sheet by Anshan steel CNY 7200 per tonne, 1.2mm to 2.0mm material at CNY 7100 per tonne down by CNY 70 per tonne and CNY 100 per tonne from last week. 1.0 CR coil by Maanshan steel drop to CNY 7020 per tonne from CNY 7120 per tonne.
Export price for 1.0mm CRC remain at USD 1140 per tonne to USD 1150 per tonne FOB and average contract price is at USD 1120 per tonne FOB. However, transactions are described to be quite slow and it is harder to conclude business this week.
(Sourced from MySteel.net)
