Chinese HDG export price remain stable

It is reported that Chinese domestic hot dipped galvanized steel sheet and coil price is largely unchanged and this is also the case with export market.

According to Mysteel, on Shanghai market price for 1.0mm HDG by Anshan steel remain at CNY 7600 per tonne, 0.5mm HDG by private producer at CNY 7800 per tonne flat with last week. As forecast, there would be no room for further increase if it could not exceed CNY 7600 per tonne.

Export offers are quite different due to different production cost, quality. Quotation by a mill in Tangshan is only at USD 1120 per tonne fob for 1.0mm HDG Z120 and that by a tier two steel maker in Hebei province is at USD 1135 per tonne to USD 1140 per tonne FOB.