It is reported that Chinese CRC export market remains quiet this week. The sluggish situation is expected to sustain for a period taking into account ongoing financial turmoil and an evident slowdown in global economy.

Domestic market price witness some rebound. On Shanghai market, 1.0mm CR sheet by Anshan steel goes at CNY 4530 per tonne up by CNY 70 per tonne from last Friday; 1.2mm to 2.0mm material at CNY 4430 per tonne an increase of CNY 50 per tonne. While that for 1.0 CR coil by Maanshan steel rebounded by CNY 130 per tonne to CNY 4180 per tonne.

Export offer for DC01 1.0mm CRC goes at USD 650 per tonne to CNY 700 per tonne FOB which compares with USD 700 per tonne FOB last week.

This entry was posted on Monday, October 27th, 2008 at 6:03 am and is filed under China metal news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.