Monthly HRC & Steel Plate Market Report Mar 2021
2021-04-09 08:22:51 【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
The domestic HRC and steel plate market kept improving during the month following the recovery of downstream industries. End users purchased according to urgent needs and refused to build stocks. Prices of HRC and steel plate further increased by about RMB500/t (USD76/t) boosted by the price increase of steel billet as well as the reduced supply during the month. The serious pollution curbs in Tangshan of Hebei made the supply cut and strengthened market participants' confidence to some extent. Besides, the potential export rebate decrease boosted steel mills and exporters to deliver materials actively, and the market inventory kept decreasing. Meanwhile, major producers such as Baowu Group, Shougang Steel, Bengang Steel, Ansteel and HBIS lifted HRC EXW prices for April production actively boosted by the higher prices of steel billet, with the markup of around 6%.
In the meantime, prices of HRC and steel plate went up in most other Asian markets during the month. Boosted by the upward price trend in China, traders in other countries lifted prices actively. With the demand from downstream industries getting stronger, the market performance improved gradually.
The domestic HRC and steel plate market kept improving during the month following the recovery of downstream industries. End users purchased according to urgent needs and refused to build stocks. Prices of HRC and steel plate further increased by about RMB500/t (USD76/t) boosted by the price increase of steel billet as well as the reduced supply during the month. The serious pollution curbs in Tangshan of Hebei made the supply cut and strengthened market participants' confidence to some extent. Besides, the potential export rebate decrease boosted steel mills and exporters to deliver materials actively, and the market inventory kept decreasing. Meanwhile, major producers such as Baowu Group, Shougang Steel, Bengang Steel, Ansteel and HBIS lifted HRC EXW prices for April production actively boosted by the higher prices of steel billet, with the markup of around 6%.
In the meantime, prices of HRC and steel plate went up in most other Asian markets during the month. Boosted by the upward price trend in China, traders in other countries lifted prices actively. With the demand from downstream industries getting stronger, the market performance improved gradually.
