CRU: Chinese Steel Prices Collapse

By CRU Principal Analyst Matthew Watkins, from CRU’s Global Steel Trade Service, Nov. 18

There was a big price collapse in China over the past month. HR coil export prices have fallen by 13% since October and rebar is down by 10% in the same period. For HR coil, this means that China has returned to being the cheapest source in the world after a long period when it was relatively expensive.