CRC and HGI coil Market Report August 2015

Prices of CRC in China’s leading markets recorded a temporary upward trend at the beginning of August, influenced by the relatively tight supply, but they returned to a downward path later on, as demand from downstream consumers continued to weaken. Prices for HGI coil continued to move down during the month, influenced by the poor market performance.Asian Metal CopyrightPrices of CRC in China’s leading markets recorded a temporary upward trend at the beginning of August, influenced by the relatively tight supply, but they returned to a downward path later on, as demand from downstream consumers continued to weaken.Asian Metal Copyright Participants showed little optimism regarding the market outlook but steel mills had moderate expectations for the market in September and held ex-works prices stable for the coming month, traditionally the peak season for steel consumption.Asian Metal Copyright Insiders predict prices for CRC and HGI coil will decline a little in September.Asian Metal Copyright Insiders predict prices for CRC and HGI coil will decline a little in September.