HGI Coil Market Report January 2015

The price of HGI coils in China’s leading markets dropped sharply in January as demand from downstream consumers was shrinking fast during the month. Prices for raw materials, such as imported iron ore fine, continued to come down and some steel mills introduced further cuts to the ex-works prices of HGI coils for February production.Asian Metal Copyright Insiders predict that the price of HGI coils will decline further before the holiday and will be generally stable afterwards.Asian Metal Copyright With the long Spring Festival holiday coming up, the demand for HGI coils from downstream buyers will continue to shrink.Asian Metal Copyright Prices for raw materials, such as imported iron ore fine, continued to come down and some steel mills introduced further cuts to the ex-works prices of HGI coils for February production.Asian Metal Copyright Insiders predict that the price of HGI coils will decline further before the holiday and will be generally stable afterwards.