Strip Market Report December 2013
2014-01-02 15:05:22 【Print】
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Prices of HR strip in most Chinese leading markets decreased continuously this month and the demand from downstream industries was still soft
. Though the government had announced some policies to control the excess capacity in China, the market was hard to recover immediately . It was the end of the year, so most outside projects had stopped affected by the cold weather especially in North China . The progress also slowed down in other regions . Chinese participants will have a long holiday for the Spring Festival next month and demand is hard to release before the Chinese lunar New Year . In view of that, insiders deem that the price is likely to go down further next month.