CRC Market Report March 2014

Prices for CRC in the leading Chinese markets continued to fall this month, due to weaker support from production costs and unreleased demand from downstream buyers. Some steel mills offered rebates to their agents to guarantee sales.Asian Metal CopyrightPrices for CRC in the leading Chinese markets continued to fall this month, due to weaker support from production costs and unreleased demand from downstream buyers.Asian Metal Copyright However, affected by the tighter capital flow from the banks, traders were reluctant to place orders with mills or hold large stocks.Asian Metal Copyright Some steel mills offered rebates to their agents to guarantee sales.Asian Metal Copyright Insiders consider the CRC price is unlikely to go up in the coming month.