CRC Market Report May 2014

Prices for CRC in China’s leading markets witnessed a downward trend this month. Demand from downstream buyers was quite weak and it is unlikely to be released in the short term.Asian Metal Copyright Prices for raw materials such as iron ore were still very low.Asian Metal Copyright Prices for raw materials such as iron ore were still very low.Asian Metal Copyright As a consequence, steel mills can barely justify any increase in ex-works prices on CRC for June production.Asian Metal Copyright As a consequence, steel mills can barely justify any increase in ex-works prices on CRC for June production.Asian Metal Copyright Prices for raw materials such as iron ore were still very low.Asian Metal Copyright Insiders predict that it will be impossible for CRC prices to rebound in June.