Reportedly, Chinese export price on cold rolled coils (CRC) fell by US$15~US$20/ton compared to the previous week due to the price decline of raw materials and the weak overseas orders.
According to a CRC exporter in Shanghai that the export price for DC01 1.0mm is US$660/ton FOB Shanghai Port, falling by US$20/ton from last week, predicting that some major Chinese steel mills may cut their list prices of CRC for April production.
Another exporter in Beijing said they have cut their price of US$15/ton to US$665/ton (VAT included) FOB Tianjin Port on SPCC 1.0mm thick coil compared to last week, added that the price in the domestic market may drop the same as exporting price in a short time.