02
May
11:11
HRC weakness depresses CRC, HDG prices in ASEAN
ASEAN cold rolled and galvanised coil prices have fallen in tandem with the plunge in the hot rolled coil market, Kallanish notes.
Annealed 1mm thick base CRC from lower-tier mills in China was offered last week at $675/tonne cfr Manila. Offers for Chinese Z40 1mm base HDG concluded in deals at around $670/t cfr Manila.
These HDG prices are noticeably cheaper than the offer price for CRC. “They’re mostly from private mills and are most likely non-VAT …
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Anonymous
Very good overview of the weekly steel market.
Anonymous