Monthly HRC and Steel Plate Market Report Sep 2021
2021-10-13 17:39:24 【Print】
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1. Market Highlights
Prices of HRC and steel plate changed narrowly and frequently during the month, coupled with participants' wait-and-see attitudes. Leading producers such as Baowu Group, HBIS, Ansteel and Shougang Group all announced the decision to maintain HRC EXW prices flat for October production. Though prices of iron ore dropped continuously, those of coal, coke and steel billet kept rising, and the cost support remained strong. Facing production cut pressures, steel mills slowed down production and the supply kept reducing. However, the demand from downstream industries remained sluggish. With the recovery of manufacture industry at abroad, domestic end users received insufficient orders for final products. Reporting poor sales performance, traders' confidence weakened and remained cautious about supplementing inventories.
In the meantime, prices of HRC and steel plate also changed narrowly in other Asian markets during the month. Though traders remained eager to raise prices boosted by the low stockpiles, the weak downstream demand restrained prices from rising.
Prices of HRC and steel plate changed narrowly and frequently during the month, coupled with participants' wait-and-see attitudes. Leading producers such as Baowu Group, HBIS, Ansteel and Shougang Group all announced the decision to maintain HRC EXW prices flat for October production. Though prices of iron ore dropped continuously, those of coal, coke and steel billet kept rising, and the cost support remained strong. Facing production cut pressures, steel mills slowed down production and the supply kept reducing. However, the demand from downstream industries remained sluggish. With the recovery of manufacture industry at abroad, domestic end users received insufficient orders for final products. Reporting poor sales performance, traders' confidence weakened and remained cautious about supplementing inventories.
In the meantime, prices of HRC and steel plate also changed narrowly in other Asian markets during the month. Though traders remained eager to raise prices boosted by the low stockpiles, the weak downstream demand restrained prices from rising.
