Rebar,Stainless steel sheet,Hot rolled coil,Cold rolled shee.
|Black metal future boosts CRC up|
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:
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:
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