Due to the ongoing price decreases, end-users of CRC have reduced their purchasing activities, while CRC traders are anxious to avoid the risks involved in stock replenishment. Traders state that CRC prices in China may decline below RMB 4,800/mt ($759/mt). Meanwhile, the lowering of the deposit reserve ratio by the Chinese central bank has not had an obvious impact on the steel market yet. It is expected that the Chinese CRC market will maintain its downward movement in the coming week.
Pessimism prevails in Chinese CRC market
During the week ending May 16, Chinese cold rolled coil (CRC) prices have continued to trend down, while the market atmosphere is increasingly characterized by pessimism. Average CRC prices in the main Chinese cities can be viewed in the SteelOrbis price reports section.
Marketplace Offers
Cold Rolled Coil
Thickness
0.6 mm
Width
1,000 mm
Coil
R
DC01
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Cold Rolled Coil
Thickness
0.3 - 2.5 mm
Width
700 - 1,300 mm
Coil
R
DC01-DC03-DC04-DC01EK-DC04EK
Tedarikçi
YILDIZ DEMIR CELIK
Cold Rolled Batch Annealed Coil
Thickness
0.3 - 2.5 mm
Width
700 - 1,300 mm
Coil
R
Kaliteler / Steel Grades DC01-DC03-DC04-DC01EK-DC04EK
Tedarikçi
YILDIZ DEMIR CELIK