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    Monthly HRC & Steel Plate Market Report Apr 2021

    2021-05-10 08:28:20   【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.
    1. Market Highlights

    Prices of HRC and steel plate continued the upward trend in major Chinese domestic markets during the month. The significant price rise of raw materials such as iron ore and steel billet stimulated steel mills to lift EXW prices of finished steel.Therein, major producers such as China Baowu Group, Shougang Steel, HBIS, Ansteel and Bengang Steel announced the decision to raise HRC EXW prices for May production by about RMB400/t (USD62/t) during the month.Asian Metal CopyrightTherein, major producers such as China Baowu Group, Shougang Steel, HBIS, Ansteel and Bengang Steel announced the decision to raise HRC EXW prices for May production by about RMB400t USD62t during the month.Asian Metal Copyright Though end users remained cautious about placing orders seeing the continuous price increase, the downstream demand kept strong, and the overall market performance remained satisfactory.Asian Metal Copyright .Asian Metal Copyright As traders remained inactive in supplementing inventories seeing the higher EXW prices, the market inventory remained low, which boosted the prices to go up further.

    In the meantime, prices of HRC and steel plate also showed the upward trend in other Asian markets during the month boosted by the dramatic price hike in China. Besides, the overall market stockpile remained low and the downstream demand kept improving.

    .Asian Metal Copyright The significant price rise of raw materials such as iron ore and steel billet stimulated steel mills to lift EXW prices of finished steelAsian Metal Copyright
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