Ex-China cold rolled coil (CRC) prices have moved sideways over the past week.
More specifically, ex-China CRC offer prices from mills are at $545-565/mt FOB this week, remaining stable on average week on week, while the tradable levels for ex-China CRC have been heard at $545-560/mt FOB, moving sideways week on week.
During the given week, CRC prices in the Chinese domestic market have edged up slightly amid rises in major steelmakers’ settlement prices, which have bolstered CRC prices to a certain degree. Traders have generally adopted a cautious wait-and-see attitude as regards the future prospects for the CRC market. Meanwhile, the slowing growth of new energy vehicle (NEVs) production has significantly weakened the demand for CRC: for instance, the NEV output in the first three months may be lower than that recorded in the same period of 2025. It is expected that CRC prices in the Chinese domestic market will fluctuate within a limited range in the coming week.
Average domestic 1.0 mm cold rolled coil spot prices in China are at RMB 3,583/mt ($519/mt) ex-warehouse, increasing by RMB 10/mt ($1.4/mt) week on week, according to SteelOrbis’ information.
As of April 1, HRC futures at Shanghai Futures Exchange are standing at RMB 3,287/mt ($476/mt), decreasing by RMB 26/mt ($3.8/mt) or 0.8 percent since March 25, while down 0.42 percent compared to the previous trading day, March 31.
$1 = RMB 6.9025
