Flat steel prices have shown resilience recently. The tone for improvement was set about a month back when the Chinese domestic steel prices made a turnaround after a 2 month.
Since mid October the price of HRC, CRC and HDG has improved by a whopping 9%, 4% and 2% respectively.
| Class | 15-Oct | 12-Nov | Change | % |
| CLPPI | 5619 | 5926 | 307 | 5.5% |
| CFPPI | 5576 | 5930 | 355 | 6.4% |
| CHISPI | 5594 | 5929 | 334 | 6.0% |
CLPPI - Chinese Long Product Price Index
CFPPI - Chinese Flat Product Price Index
CHISPI - Chinese Steel Price Index
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