Monthly HRC & Steel Plate Market Report Nov 2019
2019-12-03 09:29:45 【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
Prices for HRC rebounded sharply by around RMB200/t (USD28/t) in major Chinese domestic markets from the middle of the month boosted by the overall low stockpile, and the market performance improved. End users began to purchase actively seeing the upward price trend. The restrict investigation on overload made the delivery slow down, and some grades were even in shortage. Reporting limited profits and even losses, producers were in low production activity, leading to a reduced supply. In the meantime, the demand from downstream industries remained insufficient and showed no signs of getting strong.
Prices for HRC rebounded sharply by around RMB200/t (USD28/t) in major Chinese domestic markets from the middle of the month boosted by the overall low stockpile, and the market performance improved. End users began to purchase actively seeing the upward price trend. The restrict investigation on overload made the delivery slow down, and some grades were even in shortage. Reporting limited profits and even losses, producers were in low production activity, leading to a reduced supply. In the meantime, the demand from downstream industries remained insufficient and showed no signs of getting strong.
