The positive trend of CRC prices in China in the past week has mainly been due to supply shortages and moves by steel producers to increase their prices.
Traders are concerned about the future prospects for the domestic CRC market as local HRC prices continue to fall. Moreover, as the weather turns colder, end-user demand in the Chinese CRC market is not expected to register any improvement before the end of 2012, while many construction activities have also been delayed. In this context, it is expected that CRC prices in the Chinese domestic market will decline in the coming week.