Monthly HRC & Steel Plate Market Report Nov 2020
2020-12-03 09:09:39 【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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1. Market Highlights
Prices of HRC and steel plate continued the upward trend in major Chinese domestic markets during the month, with the markups larger than those of October. Besides, the market performance showed signs of warming up following the prices increase. The demand from downstream industries remained relatively strong. In addition, prices of raw materials such as iron ore, coke and steel billet kept increasing, strengthening market participants' confidence to some extent. The better export market performance with the recovery of demand from overseas also boosted prices in the domestic market to go up. Meanwhile, major producers such as Baowu Group, Ansteel, Bengang Steel, HBIS and Shougang Steel all lifted HRC EXW prices by RMB100/t (USD15/t) for December production. Worrying about prices falling back in December, lots of traders remained cautious about supplementing inventories.
In the meantime, prices of HRC and steel plate also went up in other Asian markets during the month boosted by the upward price trend in China, the bellwether of world steel. Besides, the downstream demand improved a little in most regions.
.
Prices of HRC and steel plate continued the upward trend in major Chinese domestic markets during the month, with the markups larger than those of October. Besides, the market performance showed signs of warming up following the prices increase. The demand from downstream industries remained relatively strong. In addition, prices of raw materials such as iron ore, coke and steel billet kept increasing, strengthening market participants' confidence to some extent. The better export market performance with the recovery of demand from overseas also boosted prices in the domestic market to go up. Meanwhile, major producers such as Baowu Group, Ansteel, Bengang Steel, HBIS and Shougang Steel all lifted HRC EXW prices by RMB100/t (USD15/t) for December production. Worrying about prices falling back in December, lots of traders remained cautious about supplementing inventories.
In the meantime, prices of HRC and steel plate also went up in other Asian markets during the month boosted by the upward price trend in China, the bellwether of world steel. Besides, the downstream demand improved a little in most regions.
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