It is reported that Chinese cold rolled steel coil price has witness rebound, while export market price continue to go down and there is not much business and sentiment remain weak.
On Shanghai market, 1.0mm CR sheet by Anshan steel goes at CNY 6300 per tonne, 1.2mm to 2.0mm material at CNY 6200 per tonne up by CNY 50 per tonne recently but down by CNY 150 per tonne WoW. 1.0 CR coil by Maanshan steel rebound by CNY 50 per tonne to CNY 6150 per tonne, however there is a drop of CNY 170 per tonne from early last week.
Export price for DC01 1.0mm CRC has dropped to USD 980 per tonne as base, a drop of USD 40 per tonne to USD 50 per tonne from last week. Transaction prices are believed to be about USD 970 per tonne FOB.
