Monthly Strip Market Report Jan 2018
2018-02-01 09:35:33 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
HR strip prices in major markets of China went down further during this month mainly because of lower raw material costs and decrease in steel mills' list prices
. Some steel mills could not keep the regular production affected by the environmental protection inspection . Having no confidence in the market outlook, traders were reluctant to build large stockpiles . Customers without urgent need for materials were expecting the price to drop further and refusing to place orders . As Chinese New Year is coming, insiders think the market will continue to be quiet in February.