December 02, 2008

Chinese CR export prices on downward trend

MySteel reported that export price for cold rolled coil has slipped down this week since domestic market prices are still in downward correction.

On Shanghai market, 1.0mm CR sheet by Anshan steel is being quoted at CNY 7300 per tonne, 1.2mm to 2.0mm material at USD 7220 per tonne to USD 7250 per tonne down by CNY 30 per tonne to CNY 50 per tonne from early this week. 1.0 CR coil by Maanshan steel goes at CNY 7150 per tonne down by CNY 20 per tonne from last Friday.

Export price for 1.0mm CRC is between USD 1130 per tonne to USD 1140 per tonne FOB and most cargo was concluded at USD 1120 per tonne FOB.

(Sourced from www.steelprices.com)