Strip Market Report January 2016

Chinese HR strip prices witnessed an upward trend during the month mainly supported by higher raw material costs and the increase in steel mills’ list prices.Asian Metal Copyright However, the market sales performance continued to be poor with downstream customers still struggling amid the gloomy economy and traditional off-season.Asian Metal Copyright Since steel billet prices went up, major HR strip producers increased their prices accordingly.Asian Metal CopyrightChinese HR strip prices witnessed an upward trend during the month mainly supported by higher raw material costs and the increase in steel mills’ list prices.Asian Metal Copyright However, the market sales performance continued to be poor with downstream customers still struggling amid the gloomy economy and traditional off-season.Asian Metal CopyrightChinese HR strip prices witnessed an upward trend during the month mainly supported by higher raw material costs and the increase in steel mills’ list prices.Asian Metal Copyright Traders refused to build substantial stockpiles, intent on avoiding any risks and the market inventory remained low.Asian Metal Copyright Traders refused to build substantial stockpiles, intent on avoiding any risks and the market inventory remained low.Asian Metal Copyright Considering Chinese New Year is around the corner, insiders predict the market will stay quiet in the coming month.
.Asian Metal Copyright Since steel billet prices went up, major HR strip producers increased their prices accordinglyAsian Metal Copyright