Monthly Strip Market Report Jan 2019

HR strip prices in major markets of China saw different trends during this month.Asian Metal CopyrightHR strip prices in major markets of China saw different trends during this month.Asian Metal Copyright Prices in North China went up mainly supported by higher raw material costs and increase in steel mills' list prices, while those in East China and South China witnessed a downward trend on weak customer demand.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles and the market inventory kept at a low level.Asian Metal Copyright With the arrival of the Spring Festival, customers left the market for holiday in succession and the market sales performance was quite bad.Asian Metal Copyright Insiders suppose prices would go up slightly in the coming month due to high raw material costs.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles and the market inventory kept at a low level.Asian Metal Copyright With the arrival of the Spring Festival, customers left the market for holiday in succession and the market sales performance was quite bad.Asian Metal Copyright Insiders suppose prices would go up slightly in the coming month due to high raw material costs.
.Asian Metal Copyright Insiders suppose prices would go up slightly in the coming month due to high raw material costsAsian Metal Copyright