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WEEKLY: China CRC export price surges on rebate removal

Source: Mysteel Aug 04, 2021 09:30
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Ferrous Industry
Chinese export prices of carbon steel cold-rolled coil (CRC) and galvanized steel (GI) surged last week following Beijing’s decision to cancel the 13% tax rebates on them effective August 1, according to Mysteel’s latest weekly report.
Mysteel’s assessment of the export price of SPCC 1.0mm CRC increased by $60/tonne on week to $1,003/t FOB from North China’s Tianjin port as of last Friday.Similarly, the export price of DX51D+Z 1.0mm hot-dipped GI spiked by $90/t on week to $1,075/t FOB from Tianjin port alsoas of last

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