SteelHome Express: Shanghai CRC Prices Edge Up on Increased Billet Price According to SteelHome survey, CRC market prices rise by 50 yuan/t in Shanghai market. Last week, CRC market prices dipped with plain transactions. On Monday, market quotation is driven up by increased billet prices. At present, spot product market prices are supported by the tight supply and high cost. CRC production lines of Benxi Steel are in maintenance from August 25 for 10 days, then the total output declines by 50,000 tons. Traders tend to keep the inventory at a low level. SteelHome predicts that CRC market prices will keep rising. Related Link: Market price of Shanghai CR Sheet/Coil on Aug 31,20(new)
