CRC and HGI coil Market Report August 2017

CRC and HGI coil prices in major markets of China went up further during this month mainly supported by higher raw material costs and the price increase in steel futures market.Asian Metal Copyright However, as demand from downstream customers remained weak amid the traditionally low season, the market sales performance was bad.Asian Metal Copyright Domestic steel mills like Baosteel, Ansteel and Bengang Steel all raised their list prices for September production obviously.Asian Metal Copyright Because of higher purchase cost and weak customer demand, traders were reluctant to build large stockpiles.Asian Metal Copyright However, as demand from downstream customers remained weak amid the traditionally low season, the market sales performance was bad.Asian Metal Copyright Domestic steel mills like Baosteel, Ansteel and Bengang Steel all raised their list prices for September production obviously.Asian Metal Copyright Because of higher purchase cost and weak customer demand, traders were reluctant to build large stockpiles.Asian Metal Copyright .Asian Metal Copyright As September is the high season for steel industry, insiders think prices for CRC and HGI coil are likely to rise again in the coming month.
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