China’s Steel Export Prices Continue To Fall, And The January Shipping Schedule Picks Up

Recently, the export prices of various types of steel products in China have been continuously adjusted due to the continuous adjustment of domestic trade. The mainstream quotations of SS400 hot coils are now about 780-785 US dollars/ton, down 3 US dollars/ton on a week-on-week basis; SPCC 1.0mm cold-rolled coils reported 870- About 875 US dollars / ton, down 22 US dollars / ton on a week-on-week basis. The sharp drop in prices is gradually increasing the price gap between inside and outside the sea. Recently, some steel mills have signed large-scale shipping orders for January. At the beginning of 2022, China’s steel exports may pick up slightly.