News Room - Steel Industry

Posted on 15 Aug 2008

CR prices continues downward spiral in Shanghai

The market price of China's carbon steel cold rolled dropped in Shanghai on Friday. 

Price of cold rolled sheet with thickness 1.5 mm to 2.0mm from Ansteel is currently at RMB6,530/ton, a drop of RMB70/ton compared with the previous day, and thickness 3.0mm is being quoted at RMB6,950/ton, a drop of RMB100/ton from the previous day.

Regarding the cold rolled coil, the price with 1.0mm thickness from Hansteel is at RMB6,480/ton, and thickness 1.0mm from Tangsteel is at RMB6,430/ton, a drop of between RMB40 and 50/ton compared with the previous day.