Tag: MYSTEEL: China’s CRC-HRC price gap narrows to $70/t

Mysteel Global: The price spread between cold-rolled coil (CRC) and hot-rolled coil (HRC) in China has narrowed steadily since mid-April, as CRC prices have declined more rapidly amid negative market sentiment and persistent supply-demand imbalance, Mysteel Global learned. As of May 22, the price gap between the national averages for 1mm CRC and Q235 4.75mm…