Strip Market Report January 2013

This month, prices of HR strip in domestic markets increased in general and markups were different in most regions.Asian Metal Copyright Prices of steel billet and iron ore witnessed an upward trend recently, but the price of HR strip was difficult to increase much dragged by the soft demand.Asian Metal Copyright The demand was soft in the traditional off season and the market was as cold as the weather in North China.Asian Metal Copyright The demand was soft in the traditional off season and the market was as cold as the weather in North China.Asian Metal Copyright With the approach of the Spring Festival (February 9), Chinese are to celebrate holiday and most participants as least have a seven-day holiday and most of them will leave the market early February.Asian Metal Copyright Traders did not build up large stocks as they were worried about the market after the holiday.Asian Metal Copyright Prices of steel billet and iron ore witnessed an upward trend recently, but the price of HR strip was difficult to increase much dragged by the soft demand.Asian Metal CopyrightThis month, prices of HR strip in domestic markets increased in general and markups were different in most regions.Asian Metal Copyright Traders did not build up large stocks as they were worried about the market after the holiday.Asian Metal Copyright In view of the low inventory and price increase of steel billet, Insiders deem that the price is likely to increase next month.Asian Metal Copyright In view of the low inventory and price increase of steel billet, Insiders deem that the price is likely to increase next month.Asian Metal CopyrightThis month, prices of HR strip in domestic markets increased in general and markups were different in most regions.Asian Metal Copyright