News & Trends
Chinese CRC export price tends to level off - 20 Nov, 2008
It is reported that Chinese local CRC price have seen rebound this week and they are believed to be close to or even have touched the bottom.

On Shanghai market, 1.0mm CR sheet by Anshan steel goes at CNY 4100 per tonne up from CNY 100 per tonne from last Friday; 1.2mm to 2.0mm material at CNY 4000 per tonne an increase of CNY 150 per tonne. While that for 1.0 CR coil by Maanshan steel jumped up by CNY 200 per tonne to CNY 3850 per tonne.

Export offer for DC01 1.0mm CRC goes at about USD 550 per tonne FOB to USD 560 per tonne FOB which compares with USD 600 per tonne to USD 620 per tonne FOB early this month. Despite a substantial price decrease in the past weeks, overseas importers remain requesting even lower level.

(Sourced from MySteel.net)

Today's News
Clips
0blt1 Egypt to maintain domestic prices in January 2009
Announcements
0blt1 Readymade information to help you expand your reach in India
News And Trends
0blt1 Indian stainless steel industry demands hike in import duty
0blt1 Macroeconomics indicators - BDI continues to slip
Export And Import Levels
0blt1 Update on Chinese SBQ plate exports to South Korea
0blt1 Chinese domestic HRC market firming up
0blt1 Update on Chinese CR market scenario
0blt1 Chinese HDG export remains sluggish
0blt1 Chinese rebar and wire rod prices continue upward march
0blt1 Chinese plate export prices remain weak
Trade Issues
0blt1 Turkey increases import duty on steel products
0blt1 Russia to cut oil export duty from January 1st
0blt1 Isfahan Steel calls for increasing tariffs in steel import
0blt1 New royalty rates for uranium mining in India
Round_corner2
Currency Rates
05 Jan, 2009
USD 1.0000
AUD 1.4040
BRL 2.3333
CAD 1.2039
CNY 6.8030
EUR 0.7182
GBP 0.6871
INR 48.6550
JPY 91.7847
RUB 29.3880
ZAR 9.2569
Ads_spindia
Ads_spmea