Strip Market Report September 2013
2013-10-09 14:33:42 【Print】
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Domestic market prices of HR strip decreased sharply in the traditional peak season, and the demand from downstream industries showed no signs of releasing
. In addition, the oversupply in China was serious and prices of steel products were hard to go up sharply in the short term . Traders did not have large inventories to avoid risks, and steel mills of strip also control the output in late September . October is also the peak season for steel products consumption in China, and the demand is likely to release to some degree with more and more projects . Insiders deem that the price is likely to go up in the following month, but suggest that it is better not to replenish large inventory.