CRC and HGI coil Market Report October 2016

Influenced by the increased production cost, prices of CRC and HGI coil in China recorded an upward trend in October. Those of CRC went up by RMB300-400/t (USD44-59/t) and those of HGI coil rebounded by around RMB200/t (USD30/t).Asian Metal Copyright However, the market performance failed to see obvious improvement in October and can hardly perform actively in the coming month if the stagnant demand is taken into consideration.Asian Metal Copyright As prices of coke and steel billet, raw materials for steels, kept going up in October, steel mills increased CRC and HGI coil ex-works prices for November production.Asian Metal Copyright .Asian Metal Copyright As a consequence, market prices can hardly drop in the coming month.Asian Metal Copyright .Asian Metal Copyright However, the market performance failed to see obvious improvement in October and can hardly perform actively in the coming month if the stagnant demand is taken into consideration.Asian Metal CopyrightInfluenced by the increased production cost, prices of CRC and HGI coil in China recorded an upward trend in October.Asian Metal Copyright Insiders predict prices for CRC and HGI coil are likely to fluctuate and decline slightly in November.

.Asian Metal Copyright However, the market performance failed to see obvious improvement in October and can hardly perform actively in the coming month if the stagnant demand is taken into considerationAsian Metal Copyright