News Room - Steel Industry

Posted on 19 Aug 2008

CR prices in Shanghai continue to fall

The cold rolled steel prices in Shanghai market continued to fall, with little activity in the market.

The price of cold steel plate quoted by Ansteel is RMB6,570/ton, down by RMB30/ton than the end of last week; the WISCO's steel plate price is at RMB6,470/ton, down by RMB30/ton. Price of cold rolled plate offered by Ansteel is RMB6,450/ton when Wisco is offering RMB6,420/ton.

Warehouse stocks in Shanghai were increased by around 6,900 tons to reach some 123,000 tons