CRC and HGI coil Market Report October 2016
2016-11-02 09:37:40 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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Influenced by the increased production cost, prices of CRC and HGI coil in China recorded an upward trend in October. Those of CRC went up by RMB300-400/t (USD44-59/t) and those of HGI coil rebounded by around RMB200/t (USD30/t)
. As prices of coke and steel billet, raw materials for steels, kept going up in October, steel mills increased CRC and HGI coil ex-works prices for November production . As a consequence, market prices can hardly drop in the coming month . However, the market performance failed to see obvious improvement in October and can hardly perform actively in the coming month if the stagnant demand is taken into consideration . Insiders predict prices for CRC and HGI coil are likely to fluctuate and decline slightly in November.