During the week ending August 14, prices in the Chinese domestic cold rolled coil (CRC) market have moved up by a small margin. Average CRC prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
The slight uptrend observed in the Chinese CRC market in the past week has been due to the rising trends of hot rolled coil (HRC) prices and iron ore costs. However, at the same time domestic demand for CRC is sluggish and market activity is on the slow side. Nevertheless, confidence levels in the market have improved to some extent. It is thought that domestic CRC prices in China will probably rise slightly in the coming week.