Rebar,Stainless steel sheet,Hot rolled coil,Cold rolled shee.
|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)
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