WEEKLY: China’s steel exports tougher with price rises
Dec 11, 2019 19:30
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China’s steel export volume has remained slack despite recent price rises together with the overall strengthening in China’s domestic prices, as higher prices have only highlighted the lack of pricing competitiveness in the global market, according to Chinese market sources on Tuesday.
China’s flat steel FOB prices edged up by $2-4/tonne or increased for the fourth consecutive week as of November 30-December 6, following recent rises in China’s domestic steel prices, according to Mysteel’s latest weekly survey, but the higher prices cost its exports more in volume, a Beijing-based market source said.