The main reason for the decrease in CRC prices was low prices from China, market participants said.
Fastmarkets’ weekly price assessment for steel cold-rolled coil export, fob China main port
was $900-921 per tonne on June 8, falling from $915-925 per tonne on June 1.
Hot-rolled coil was heard offered at $1,000-1,005 per tonne cfr from China, which is not too dissimilar to the offer prices at $1,000 per tonne cfr the week previous
Indian market participants offered...