CRC Market Report April 2015

The price of CRC in the major Chinese markets continued to decline during the month and there was little trading activity due to the absence of demand from downstream consumers. Lacking any confidence in the market recovery, most steel mills further lowered their ex-works prices of CRC for May production, even though the prices of raw materials, such as imported iron ore fines, rebounded in the month.Asian Metal Copyright Lacking any confidence in the market recovery, most steel mills further lowered their ex-works prices of CRC for May production, even though the prices of raw materials, such as imported iron ore fines, rebounded in the month.Asian Metal Copyright Insiders predict that CRC prices will come down further in May but the mark-down will have narrowed.