Transaction activity in the Chinese CRC market has remained sluggish in the past week. Some sales of low-priced products have been reported. However, with the ongoing decrease in prices, traders risk incurring losses and so some of them are slow to sell their products. Meanwhile, with the ongoing widening of the price gap between CRC and galvanized products, steel mills are now more likely to pursue the production of galvanized products, which offer a greater profit margin..
At present, it appears difficult for CRC prices in China to register upward movement, while the market is expected to continue to witness slack activity in the coming week.