Category: CRC
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China’s HRC-CRC price spread widens to 3-year high
Since mid-October, the spread between the Chinese domestic price of Q235 4.75mm hot-rolled coil (HRC) and that of SPCC 1.0mm cold-rolled coil (CRC) assessed by Mysteel has been at a near three-year high of over Yuan 900/tonne ($134.5/t). The size of the spread mainly reflects intensified supply pressure of hot coils compared with CRC, while…