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It is reported that export offers for Chinese cold steel coil keep weak and there is pressure of slipping down this month.

On Shanghai market, 1.0mm CR sheet by Anshan steel goes at CNY 6900 per tonne, 1.2mm to 2.0mm material at CNY 6800 per tonne a drop of CNY 140 per tonne and CNY 100 per tonne from last Tuesday. 1.0 CR coil by Maanshan steel drop by another CNY 120 per tonne to CNY 6750 per tonne.

Export price for DC01 1.0mm CRC has dropped to USD 1100 per tonne to USD 1120 per tonne FOB from average level of USD 1140 per tonne to USD 1150 per tonne FOB in early July. There is less export contract than last two months and steel producers are attaching great importance to exports of high end products.