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    CRU: Chinese steel export prices mixed, although local buying improves

    Written by Anton Perevezentsev & Linda Lin & Puneet Paliwal


    Chinese export prices for longs were almost steady this week, while those for flats generally declined as producers cut prices to secure deals.

    Export prices for longs were either stable or up marginally, tracking a small rally in domestic prices. The rally followed Trump’s remarks this week about a likely significant reduction for tariffs on Chinese products.

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    CRU: Global finished steel prices diverge, US the rare bright spot

    CRU: Global finished steel prices have diverged in August, with longs softening while sheet and plate firmed in most regions. Weak construction demand persisted across most longs markets, with the US the notable exception. Higher sheet prices were driven by tightening supply in the US and reduced import attractiveness in Europe, even as APAC sheet prices declined. Plate prices were mostly firmer across APAC, stable to down in Europe, and continued climbing in the US.