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Black metal future boosts CRC up
TIME:2016/11/2  

Entering into October, steel prices in China market have been increasing, and cold rolled steel sheet gained the most. Currently, 1.0mm cold rolled steel sheet in Tianjin city is CNY3,680/mt, grew CNY330/mt (+9.85%) from last month.

Steel sheet prices in Tianjin, China:

 Product

Specification

Current Price

Price in Last Month

Growth 

Change

 Hot rolled coil  4.75mm  2850  2720  130  4.78%
 Steel slab  20mm  2600  2490  110  4.42%
 Cold rolled steel sheet  1.0mm  3680  3350  330  9.85%
 Galvanized steel sheet  1.0mm  3840  3770  70  1.86%
 Prepainted steel sheet  0.5mm  4125  3975  150  3.77%

While, hot rolled coil, as the material of CRC, merely hiked less than 5%. Now, the price gap between cold rolled steel sheet and hot rolled coil has as high as CNY830-950/mt which is much higher than the rolling cost CNY500/mt. However, this time growth is entirely rely on the strong black metal future market, but not market demands.

 

In November, cold rolled steel sheet future prices (tax excluded) show uptrend in China major steel plants as follows:

 Product

Product

Specification (mm)

Price(RMB) 

Change(RMB)

 Anshan Steel

Cold rolled steel sheet

 1.0

 4,105

 100

 Benxi Steel

Cold rolled steel sheet 

 1.0

 4,100

 150

 Shou Gang

Cold rolled steel sheet 

 1.0

 4,150

 100

 Hebei Steel

Cold rolled steel sheet 

 1.0

 4,600

 200

 Wuhan Steel

Cold rolled steel sheet

 1.0

 4,320

 100

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