Strip Market Report August 2014

Given that August is traditionally the off-season, demand for HR strip in China during the month was soft. However, most steel mills were reluctant to cut outputs.Asian Metal Copyright Insiders deem that the market will remain sluggish at the beginning of September, with the price for HR strip likely to decrease slightly next month.Asian Metal Copyright Therefore, supply exceeded demand.Asian Metal Copyright However, most steel mills were reluctant to cut outputs.Asian Metal Copyright Prices for HR strip in China witnessed a downward trend during the month.Asian Metal Copyright Prices for HR strip in China witnessed a downward trend during the month.Asian Metal Copyright Meanwhile, the price for the raw material- steel billets - declined as well.Asian Metal CopyrightGiven that August is traditionally the off-season, demand for HR strip in China during the month was soft.Asian Metal Copyright Insiders deem that the market will remain sluggish at the beginning of September, with the price for HR strip likely to decrease slightly next month.