SteelOrbis has been informed that ex-China offers for DC01 1 mm x 1,250 mm x C cold rolled coil (CRC) are at the price level of $745/mt FOB, including 13 percent export tax rebate, on actual weight basis, for payments via letter of credit and for January shipments.
As SteelOrbis previously reported, during the past week, Chinese steelmaker WISCO has cut ex-work prices of its cold rolled products by RMB 240/mt ($36/mt), and so current ex-work prices of SPCC 1.0 mm cold rolled sheet are at RMB 5,060/mt ($762/mt),while the price of SPCC 1.0 mm cold rolled coils stand at RMB 5,010/mt ($755/mt).
$1 = RMB 6.64