Monthly HRC and Steel Plate Market Report Apr 2023
2023-05-08 08:23:19 【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 ran slowly during the month, and prices continued on the downward trend. The quick and continuous prices decline of raw materials weakened the confidence of market participants. Besides, the bank crisis of overseas heightened the cautious attitudes in the market. The demand from downstream industries kept improving, but the slow recovery and the absence of stimulant policies made participants pessimistic about the market. End users strictly purchased according to orders for final products. Leading producers failed to lift EXW prices further after the continuous increases in the past several months dragged by the slow market.
In the meantime, the intentional HRC and steel plate market performed inactively, and prices went down in most countries. The demand from downstream industries remained insufficient, and end users purchased cautiously seeing the downward price trend.
The domestic HRC and steel plate market ran slowly during the month, and prices continued on the downward trend. The quick and continuous prices decline of raw materials weakened the confidence of market participants. Besides, the bank crisis of overseas heightened the cautious attitudes in the market. The demand from downstream industries kept improving, but the slow recovery and the absence of stimulant policies made participants pessimistic about the market. End users strictly purchased according to orders for final products. Leading producers failed to lift EXW prices further after the continuous increases in the past several months dragged by the slow market.
In the meantime, the intentional HRC and steel plate market performed inactively, and prices went down in most countries. The demand from downstream industries remained insufficient, and end users purchased cautiously seeing the downward price trend.
