CRC and HGI coil Market Report October 2015

Prices for CRC and HGI coil were still on a downward trend in October, traditionally regarded as the peak season for steel consumption. Demand from the automobile industry continued to be weak, influenced by the slow development of China’s economy.Asian Metal CopyrightPrices for CRC and HGI coil were still on a downward trend in October, traditionally regarded as the peak season for steel consumption.Asian Metal Copyright Producers announced losses in Q3 of this year.Asian Metal Copyright Demand from the automobile industry continued to be weak, influenced by the slow development of China’s economy.Asian Metal Copyright There were no signs of market recovery throughout the whole month.Asian Metal Copyright Insiders predict prices for CRC and HGI coil are unlikely to rebound in November.Asian Metal Copyright Insiders predict prices for CRC and HGI coil are unlikely to rebound in November.