Strip Market Report June 2014

Prices of HR strip witnessed a downward trend this month. Most mills cut their ex-works prices, and traders followed suit.Asian Metal CopyrightPrices of HR strip witnessed a downward trend this month.Asian Metal Copyright The demand from downstream buyers was soft and the sales performance was unsatisfactory.Asian Metal Copyright Under such conditions, insiders deem that the HR strip price is likely to go down further next month.Asian Metal Copyright Besides, prices of raw materials such as steel billet and iron ore also went down.Asian Metal Copyright With the approach of the traditional off-season, prices will struggle to hold firm.Asian Metal Copyright With the approach of the traditional off-season, prices will struggle to hold firm.Asian Metal Copyright Under such conditions, insiders deem that the HR strip price is likely to go down further next month.Asian Metal Copyright Under such conditions, insiders deem that the HR strip price is likely to go down further next month.