CRC price rebounded sharply in Shanghai market today.

Currently, Angang Steel’s cold rolled sheet in1.0 mm and 3.0 mm thickness is about RMB4,050/ton and RMB4,300/ton respectively, increasing by RMB50/ton. Likewise, the same products of WISCO and Benxi Steel are sold at RRMB4,000/ ton, up RMB 50/ton.

Although the current price increased dramatically, most market participants think that it won't soar too high due to slow demand.