Chinese HDG export price dip further last week - 25 Aug, 2008
It is reported that there have been almost no hot dipped galvanized coil exports from China due to slump in domestic market price, weak demand on international market and anti-dumping investigation by the EU.
Domestic market prices continue its dramatic decrease. On Shanghai market, 1.0mm HDG by Anshan steel is being quoted at CNY 6530 per tonne that for 0.5mm HDG by private steel makers is at CNY 7100 per tonne down by CNY 420 per tonne and CNY 230 per tonne respectively from last Tuesday.
Prevailing export quotation for 1.0mm HDG Z120 has dropped to USD 1080 per tonne FOB to USD 1070 per tonne FOB and lower offers have reached USD 1060 per tonne.
