Currently, most traders are concerned about the prospects for the future CRC price trend in China. As big decreases in spot hot rolled coil (HRC) prices have been observed in the past week, domestic CRC prices have witnessed a slowdown in their upward movement. However, amid low CRC market inventory, short supply of some sizes and high production costs, support still exists for domestic CRC prices.
In the coming week, domestic CRC prices in China are expected to trend sideways or slightly downward.