11
May
12:37
EU traders book Chinese CRC despite rebate risk
European traders are continuing to look for import options and have even made some bookings of Chinese cold rolled coil in recent weeks, to secure volumes for clients suffering from scarce availability in Europe.
According to market participants surveyed by Kallanish, Chinese CRC was ordered last week, after which offer prices have gone up further, making it no longer competitive.
The CRC ordered is understood to be of 1mm thickness, to be shipped in August and e…
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Anonymous
Very good overview of the weekly steel market.
Anonymous