It is reported that export price for Chinese cold rolled steel coil remain weak and there is strong likelihood that is another great drop in the next two weeks.

    On Shanghai market, 1.0mm CR sheet by Anshan steel goes at CNY 6380 per tonne, 1.2mm to 2.0mm material at CNY 6250 per tonne up by CNY 20 per tonne to CNY 30 per tonne from last Friday. 1.0 CR coil by Maanshan steel rebound by CNY 30 per tonne to CNY 6180 per tonne.

    Export price for DC01 1.0mm CRC are prevailing at USD 970 per tonne to USD 980 per tonne FOB, however there is no much transaction. Some traders mentioned that steel makers are going to lower quotation to USD 940 per tonne to USD 950 per tonne FOB in the near future. Though fresh prices have yet been announced, some steel producers actually have foreseen and agreed to such price level.