Strip Market Report January 2014
2014-02-10 09:32:14
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Prices of HR strip in most Chinese leading markets decreased continuously this month affected by the soft demand from downstream industries.Asian Metal Copyright Most of them will come back after February 8th, so insiders deem the market will keep stagnant during the period.Asian Metal Copyright In addition, prices of raw materials such iron ore and steel billet also kept decreasing, thus the support from production cost was weak.Asian Metal Copyright Traders were not confident of the coming market and did not hold large stocks.Asian Metal Copyright Steel mills cut down list prices sharply and traders followed suit as they were eager to sell goods as many as possible.Asian Metal Copyright Most of them will come back after February 8th, so insiders deem the market will keep stagnant during the period.Asian Metal Copyright Traders were not confident of the coming market and did not hold large stocks.Asian Metal Copyright Buyers were also cautious about the coming market and only purchased materials to meet urgent needs in the short term.Asian Metal Copyright Buyers were also cautious about the coming market and only purchased materials to meet urgent needs in the short term.Asian Metal CopyrightPrices of HR strip in most Chinese leading markets decreased continuously this month affected by the soft demand from downstream industries.Asian Metal Copyright Participants began to enjoy their Spring Festival holiday at the end of the month.Asian Metal Copyright Most of them will come back after February 8th, so insiders deem the market will keep stagnant during the period.Asian Metal Copyright Most of them will come back after February 8th, so insiders deem the market will keep stagnant during the period.Asian Metal CopyrightPrices of HR strip in most Chinese leading markets decreased continuously this month affected by the soft demand from downstream industries.Asian Metal Copyright However, the demand is hard release immediately after the holiday, so the price is likely to decrease further next month, but it is likely to rebound at the end of February.
.Asian Metal CopyrightPrices of HR strip in most Chinese leading markets decreased continuously this month affected by the soft demand from downstream industriesAsian Metal Copyright
