Chinese domestic HRC price may turn back to downward trend after the temporary upward trend this month
2013-04-16 09:09:27 【Print】
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After the Tomb-sweeping Day holiday, Chinese domestic HRC prices started to increase slightly on a national scale. However, the releasing speed of downstream industries is still hard to support a continuous price increase. Furthermore, the growth rate of Chinese macro-economy is not as fast as expected. Under such a situation, lower list prices from steel mills, high production and piled stockpiles all present resistance for continuing increasing price trend in the near future. Therefore, analysts from Asian Metal think the price may turn to decreasing in the middle or late of the month.
