China’s CRC, HDG export prices decline on intense price competition, soft demand

摘要

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil fell during the week to Tuesday October 22 on weak demand in the export market and aggressive pricing strategies adopted by suppliers in other regions, market sources said. Despite facing stiff competition for export sales, Chinese producers are reluctant to slash prices much further because of stable prices in the domestic market, sources told Fastmarkets.