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China CRC, HDG export prices jump on improved domestic, export demand

Retrieved from Chinese Global News Digest Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil inclined over the past week following a surge in domestic and overseas demand, sources said. Additionally, the exchange rate remained favourable for Chinese exporters who typically settle transactions in dollars, Fastmarkets understands.The Chinese currency was pegged at 7.0919 yuan …

Industrial News

South American flat steel import prices stable to slightly higher; countries start to reopen

Retrieved from South American Global News Digest Import prices for flat-rolled steel into South America were steady to slightly higher during the past week, with market participants already reporting a slight recovery for some materials despite the bulk of negotiations for July shipment having yet to take place. Peru and Ecuador were still under a quarantine …

Industrial News

US cold-rolled, galvanized coil prices rebound after mill increases

Retrieved from American Global News Digest Prices for cold-rolled and galvanized sheet in the United States rose for the first time in two months in the immediate aftermath of price-increase announcements from domestic steel mills. Fastmarkets’ price assessment for steel cold-rolled coil, fob mill the US climbed to $34 per hundredweight ($680 per short ton) …