It is reported that the cold rolled steel prices in Shanghai market continued to fall with little activity in the market.
The price of cold steel plate quoted by Ansteel is CNY 6,570 per tonne down by CNY 30 per tonne than the end of last week; the WISCO's steel plate price is at CNY 6,470 per tonne down by CNY 30 per tonne. Price of cold rolled plate offered by Ansteel is CNY 6,450 per tonne when Wisco is offering CNY 6,420 per tonne.
Warehouse stocks in Shanghai were increased by around 6,900 tonnes to reach some 123,000 tonnes.
(Sourced from YIEH.com)
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