HRC Market Report August 2015
2015-09-01 18:05:46 【Print】
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The HRC market showed no signs of progress during the month, and prices decreased nationwide. Major mills, including Baosteel, WISCO and Ansteel, kept their HRC list prices for September unchanged, indicating that they weren’t especially confident about the prospects for “Golden September”
. Meanwhile, traders were cautious about supplementing inventories, for fear of potential risks . As it was the traditional off-season, demand from downstream industries remained insufficient . Insiders think the HRC price is likely to stop going down in September.