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Shanghai cold rolled steel sheet sharply dropped RMB60/mt

During the week ending November 4, prices in the Chinese domestic market for cold rolled steel sheet have softened slightly, though prices have remained stable, while transaction activity in the overall market has been at low levels. The declining trend in semi-finished steel prices has depressed sentiment in the domestic finished steel market, including the cold rolled steel sheet market. Besides, transaction activities have been at low levels, forcing cold rolled steel sheet traders to lower their sales prices.


Currently, the prices from Ansteel in the Shanghai market have dropped to levels similar to CRC prices from Tangsteel and Masteel, making sales of the latter products more difficult. It is thought that the Chinese domestic cold rolled steel sheet market will likely indicate a downward trend in the coming week.


The table below lists average prices of cold rolled steel sheet in China domestic market.

(All prices are ex-warehouse and include 17 percent VAT. $1 = RMB 6.34)

 Product  Spec.  Category  City  Steel plant/origin  Price ($/mt)  Price (RMB/mt)  Weekly change (RMB/mt)
Thin Cold Rolled Steel Sheet  1.0 mm x 1,250mm x 2,500 mm  ST12  Shanghai Anshan Steel  2,280  360  -60
 Tianjin Anshan Steel  2,650  418  0
 Lecong Anshan Steel  2,530  399  0
 Average  -  2,487  392  -20
Thin Cold Rolled Coil 1.0 mm x 1,250 mm x C  ST12  Shanghai  MaSteet  2,250  355  0
 Tianjin Tangshan Steel  2,230  352  0
 Lecong  MaSteel  2,430  383  0
 Average  -  2,303  363  0

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