Strip Market Report July 2013
2013-08-02 08:49:18 【Print】
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Prices of HR strip fluctuated and went up sharply in the traditional dull season, with a markup of about RMB180/t this month
. Stimulated by the price increase of raw materials such as steel billet and imported iron ore, most mills lifted ex-works prices of HR strip . In addition, the government had input more on the environmental protection, thus some mills were forced to close down . Big mills also controlled the output, and traders did not place large orders with mills . However, the market was still unsatisfying due to the soft demand from downstream customers . Prices are likely to go up slightly in South China since most traders do not have large stocks at present . Regarding the coming market in other regions, prices are likely to keep stable next month.