Strip Market Report July 2016
2016-08-02 09:40:18 【Print】
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Chinese HR strip prices witnessed 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
. Nevertheless, demand from downstream customers remained weak amid the traditionally low season and the market sales performance continued to be poor . Insiders do not expect the price to rise further in the coming month.