Apr.1 MetalBiz--It is reported that Chinese domestic cold-rolled coil price will remain stable this week .
In the Shanghai market, the1.0mm CR sheet price of Angang reached 4200Yuan per ton, up 20Yuan per ton compared with last Friday. The price for 1.2- 2.0mm cold-rolled sheet ranged 4130Yuan per ton from1450Yuan per ton and 1.0mm cold-rolled quoted at 4100Yuan per ton, increased 50-60Yuan per ton.
Angang cold-rolled coil benchmark price was 4100Yuan per ton. The price will be rebounded if it is more than 4000Yuan per ton.
Chinese cold-rolled steel coil export offers will be lower due to the export rebate rate increasing. The new export policy will be effective since April 1st. Steel makers would reduce exports to reflect the change earlier April.
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