Strip Market Report June 2016
2016-07-04 13:35:52 【Print】
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Chinese HR strip prices saw an upward trend during the month mainly supported by higher raw material costs and increase in steel mills’ list prices
. As steel billet prices went up, HR strip producers raised their prices accordingly . However, as demand from customers remained weak, the market sales performance did not improve . Insiders do not expect the price to go up further in the coming month.