Monthly CRC and HGI Coil Market Report Aug 2020
2020-09-09 08:15:51 【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
Supported by the increased production cost and reduced supply from some steel mills, CRC and HGI coil average prices in Chinese leading market rebounded by around RMB250/t (USD37/t) and RMB200/t (USD44/t) respectively in August. Upon the higher production cost and rising prices in the spot market, steel mills like Baowu Group, Ansteel, Bengang Steel and Shougang Steel further lifted CRC and HGI coil prices for September production. Some traders and downstream buyers became more and more cautious in replenishing stocks after prices kept rising so much in past months.
In the international market, CRC and HGI coil market in many Asian countries like Malaysia, Vietnam and India continued to rise supported by higher raw materials prices and demand recovery. Chinese CRC and HGI coil export prices kept going up this month.
Supported by the increased production cost and reduced supply from some steel mills, CRC and HGI coil average prices in Chinese leading market rebounded by around RMB250/t (USD37/t) and RMB200/t (USD44/t) respectively in August. Upon the higher production cost and rising prices in the spot market, steel mills like Baowu Group, Ansteel, Bengang Steel and Shougang Steel further lifted CRC and HGI coil prices for September production. Some traders and downstream buyers became more and more cautious in replenishing stocks after prices kept rising so much in past months.
In the international market, CRC and HGI coil market in many Asian countries like Malaysia, Vietnam and India continued to rise supported by higher raw materials prices and demand recovery. Chinese CRC and HGI coil export prices kept going up this month.
