Category: CRC
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China’s CRC export price surges on rebate removal
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…