CR/HR prices in major Chinese markets

CR/HR prices in major Chinese markets

The local price, including related taxes, of 1.0mm cold rolled sheet in major Chinese markets ranged between RMB 5’600–5’750/ton ($692–710/ton) yesterday. Prices slid RMB 50/ton in Shanghai. 2.75mm hot rolled coil carried a price between RMB 4’000–4’100/ton ($494-506/ton). Prices slid RMB 50/ton in Guangzhou. 5.5mm hot rolled coil traded between RMB 3’580–3’740/ton ($442–462/ton). Prices were down RMB 30/ton in Shanghai, RMB 20/ton in Guangzhou and RMB 10/ton in Tianjin. Please visit our China Today section for additional price information. $1 = RMB 8.09130