During the week ending November 5, prices in the Chinese domestic cold rolled coil (
CRC) market have indicated a stable trend, while transaction activity has remained at poor levels.
Average CRC prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
During the given week, domestic
CRC prices have gained support at bottom levels and have not seen further declines. Supply shortages have been seen for some materials such as 1.0 mm
CRC, while supplies of 1.5-2.0 mm
CRC have been plentiful. It is expected that
CRC prices in the Chinese domestic market will likely indicate slight fluctuations at bottom levels in the coming week.