Monthly Strip Market Report Feb 2019
2019-03-05 18:01:30 【Print】
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HR strip prices in major markets of China witnessed different trends during this month
. Prices in North China saw a downward trend on weak customer demand, while those in East China and South China went up mainly supported by higher raw material costs . Customers were just purchasing the material in small quantities for urgent need and the market sales performance continued to be unsatisfying . Some steel mills did not resume the regular production due to the environmental protection inspection and the tight supply of raw materials . Traders were not confident of the market outlook and refused to build large stockpiles . Insiders expect prices to go up in the coming month because of high raw material costs.