Chinese HRC price likely to rebound at the end of Q2
2013-05-20 15:17:26 【Print】
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After the Spring Festival holiday, Chinese domestic HRC price increased generally, but it turned to decrease and the market kept dim. Since the beginning of January this year, the price has decreased by RMB400/t (VAT included). The expectation for demand increase in traditional peak season, March and April, has turned to be nothing. Further, the price has kept falling down in recent days. However, the market analyst in Asian Metal thinks that the price is still likely to rebound if the negative impact from unfavorable news released in the market totally.
