Monthly HRC & Steel Plate Market Report Oct 2019
2019-11-01 09:46:44 【Print】
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1. Market Highlights
Prices for both HRC and steel plate continued to go down during the month, but markdown were less than RMB100/t (USD14/t). The market performance continued to be unsatisfactory dragged by the weak demand. Reporting limited orders for finished products, end users only purchased according to urgent needs and refused to build stockpiles seeing frequent price fluctuations. Not being confident of the market prospect, traders were inactive in building large stockpiles. As producers conducted facility maintenances intensively, the supply was reduced and the overall inventory for HRC and steel plate stayed at a relatively low level.
Prices for HRC and steel plate also went down slightly in other Asian markets during the month dragged by the worldwide insufficient demand.
Prices for both HRC and steel plate continued to go down during the month, but markdown were less than RMB100/t (USD14/t). The market performance continued to be unsatisfactory dragged by the weak demand. Reporting limited orders for finished products, end users only purchased according to urgent needs and refused to build stockpiles seeing frequent price fluctuations. Not being confident of the market prospect, traders were inactive in building large stockpiles. As producers conducted facility maintenances intensively, the supply was reduced and the overall inventory for HRC and steel plate stayed at a relatively low level.
Prices for HRC and steel plate also went down slightly in other Asian markets during the month dragged by the worldwide insufficient demand.
