HGI Coil Market Report May 2014

Prices for HGI coil in some regions of China, such as Tianjin and Shanghai, recorded a downward trend in May, while those in other regions including Guangzhou were on a flat trend this month. Prices for raw materials such as iron ore were unable to reverse the downward trend over the same period.Asian Metal Copyright Prices for raw materials such as iron ore were unable to reverse the downward trend over the same period.Asian Metal Copyright As a consequence, it was hard for steel mills to increase their ex-works price for HGI coil.Asian Metal Copyright Prices for raw materials such as iron ore were unable to reverse the downward trend over the same period.Asian Metal Copyright In addition, demand from downstream consumers was still quite weak and it is difficult to see further demand being released in the short term.Asian Metal CopyrightPrices for HGI coil in some regions of China, such as Tianjin and Shanghai, recorded a downward trend in May, while those in other regions including Guangzhou were on a flat trend this month.Asian Metal Copyright Insiders predict that it is unlikely prices for HGI coil will rebound in the coming month.