HRC Market Report October 2015

HRC prices slid in most domestic markets including Tianjin, Shanghai and Guangzhou during the month, not helped by participants’ wait-and-see attitude regarding the market outlook. With the market performance remaining unsatisfactory in“Golden September” and “Silver October”, most traders weren’t pinning their hopes on the market during the remainder of this year with no expectation of a price recovery in the near future.Asian Metal CopyrightHRC prices slid in most domestic markets including Tianjin, Shanghai and Guangzhou during the month, not helped by participants’ wait-and-see attitude regarding the market outlook.Asian Metal Copyright Given that demand from downstream industries will be shrinking daily with the weather in North China turning colder, insiders predict a further decline in the price of HRC in November.