Monthly HRC and Steel Plate Market Report Sep 2021

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.Asian Metal Copyright Though traders remained eager to raise prices boosted by the low stockpiles, the weak downstream demand restrained prices from rising.Asian Metal Copyright Though prices of iron ore dropped continuously, those of coal, coke and steel billet kept rising, and the cost support remained strong.Asian Metal Copyright Reporting poor sales performance, traders' confidence weakened and remained cautious about supplementing inventories.Asian Metal Copyright Facing production cut pressures, steel mills slowed down production and the supply kept reducing.Asian Metal Copyright1.Asian Metal Copyright However, the demand from downstream industries remained sluggish.Asian Metal Copyright Though traders remained eager to raise prices boosted by the low stockpiles, the weak downstream demand restrained prices from rising.Asian Metal Copyright With the recovery of manufacture industry at abroad, domestic end users received insufficient orders for final products.Asian Metal Copyright However, the demand from downstream industries remained sluggish.Asian Metal Copyright 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.


.Asian Metal Copyright With the recovery of manufacture industry at abroad, domestic end users received insufficient orders for final productsAsian Metal Copyright