Metal Bulletin’s assessment of prices for May shipments of SPCC 1.0mm CRC was $630-640 per tonne fob for the week ended Tuesday March 13, down $5 per tonne from a week earlier.
Major traders said they did not sell any CRC over the past week, given the lack of offers issued by mills amid declining hot-rolled coil prices and ferrous futures.
Metal Bulletin’s fob China HRC Index stood at $591.03 per tonne fob on Tuesday, down $1.75 per tonne from a day earlier. The index has shed $29.78 per tonne over the course of a week.
The past week’s developments...