Export price for Chinese CRC loses another $15-20/t

摘要

Chinese CRC export prices are still on a downward trend. Most offers have slumped below $500/t FOB over the week on slack demand inside the country and overseas. Export offers have mostly dipped by $15-20/t to $475-490/t FOB, but the whole market is watching actions of Tianjin Yayi Steel. Late last week, the company decreased prices to $475/t FOB, while big Chinese mills were mostly offering at $505/t FOB and higher.