Prices of HR strip hard to hike in April

Influenced by the change of state leadership, prices of raw materials increased much, therefore traders and mills lifted prices of HR strip, expecting more good news for iron and steel industry. Though the demand is soft, they hope to stop selling products at a loss.Asian Metal Copyright Though the demand is soft, they hope to stop selling products at a loss.Asian Metal Copyright However, traders have lost much confidence in the coming market as they were excessively confident of the market after the Spring Festival.Asian Metal CopyrightInfluenced by the change of state leadership, prices of raw materials increased much, therefore traders and mills lifted prices of HR strip, expecting more good news for iron and steel industry.Asian Metal Copyright During the first half of March, the price of HR strip kept decreasing, thus traders sold materials at a sacrifice.Asian Metal Copyright Though the demand is soft, they hope to stop selling products at a loss.Asian Metal Copyright In view of the soft demand and high inventory, the price is hard to increase much.