Monthly HRC & Steel Plate Market Report Sep 2019
2019-10-09 18:51:16 【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
Generally speaking, the domestic HRC and steel plate market performance in September was better than that in August when prices dropped by around RMB200/t (USD28/t). In the meantime, prices for both HRC and steel plate did not witness obvious changes from those in late August, despite frequent fluctuations. Though participants showed little confidence in the market prospect, they did not believe prices would go down sharply seeing high price level of raw materials. End users only purchased according to urgent needs and had no intention to build large stockpiles, for fear of potential risks. Mills' purchasing activities increased boosted by rising production profits during the month.
Generally speaking, the domestic HRC and steel plate market performance in September was better than that in August when prices dropped by around RMB200/t (USD28/t). In the meantime, prices for both HRC and steel plate did not witness obvious changes from those in late August, despite frequent fluctuations. Though participants showed little confidence in the market prospect, they did not believe prices would go down sharply seeing high price level of raw materials. End users only purchased according to urgent needs and had no intention to build large stockpiles, for fear of potential risks. Mills' purchasing activities increased boosted by rising production profits during the month.
