Strip Market Report November 2014

Since most HR strip steel mills in North China halted production at the beginning of November while the APEC meeting took place, the price of narrow HR strip in most regions of China witnessed an upward trend due to the tight supply. Meanwhile, figures for wide HR strip in East and South China decreased as a result of the soft demand.Asian Metal Copyright With December being the traditional off-season, traders will face increasing pressure to withdraw funds and repay bank loans at the end of the year, so insiders anticipate that the price of HR strip is likely to decrease next month.Asian Metal Copyright With December being the traditional off-season, traders will face increasing pressure to withdraw funds and repay bank loans at the end of the year, so insiders anticipate that the price of HR strip is likely to decrease next month.