HRC Market Report August 2015

The HRC market showed no signs of progress during the month, and prices decreased nationwide. Major mills, including Baosteel, WISCO and Ansteel, kept their HRC list prices for September unchanged, indicating that they weren’t especially confident about the prospects for “Golden September”.Asian Metal Copyright Insiders think the HRC price is likely to stop going down in September.Asian Metal Copyright Meanwhile, traders were cautious about supplementing inventories, for fear of potential risks.Asian Metal Copyright Major mills, including Baosteel, WISCO and Ansteel, kept their HRC list prices for September unchanged, indicating that they weren’t especially confident about the prospects for “Golden September”.Asian Metal Copyright As it was the traditional off-season, demand from downstream industries remained insufficient.Asian Metal Copyright Major mills, including Baosteel, WISCO and Ansteel, kept their HRC list prices for September unchanged, indicating that they weren’t especially confident about the prospects for “Golden September”.Asian Metal Copyright Insiders think the HRC price is likely to stop going down in September.