Monthly HRC and Steel Plate Market Report Jun 2021
2021-07-06 13:47:46 【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 stopped going down sharply and rebounded slightly early this month, and fluctuated frequently with small changes in the following days of the month. The general trend remained downward. Reporting poor sales performance, both steel mills and trades showed little confidence in the market prospect and they were worried about the further price decline. On the one hand, the demand from downstream industries shrank gradually dragged by the rains and high temperature; while on the other hand, end users remained cautious about placing orders, complaining suffering, both leading to the dim market. Major producers such as Baowu Group, HBIS, Ansteel, Bengang Steel and Shousteel all announced the decision to maintain HRC EXW prices for July production flat.
In the meantime, prices of HRC and steel plate went down in other Asian markets during the month. The continuous price decline in China, the bellwether of world steel, weakened market participants' confidence to a large extent. Besides, the downstream demand shrank under the new wave of COVID-19.
.
Prices of HRC and steel plate stopped going down sharply and rebounded slightly early this month, and fluctuated frequently with small changes in the following days of the month. The general trend remained downward. Reporting poor sales performance, both steel mills and trades showed little confidence in the market prospect and they were worried about the further price decline. On the one hand, the demand from downstream industries shrank gradually dragged by the rains and high temperature; while on the other hand, end users remained cautious about placing orders, complaining suffering, both leading to the dim market. Major producers such as Baowu Group, HBIS, Ansteel, Bengang Steel and Shousteel all announced the decision to maintain HRC EXW prices for July production flat.
In the meantime, prices of HRC and steel plate went down in other Asian markets during the month. The continuous price decline in China, the bellwether of world steel, weakened market participants' confidence to a large extent. Besides, the downstream demand shrank under the new wave of COVID-19.
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