HGI Coil Market Report April 2014
2014-05-05 08:55:33 【Print】
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The price of HGI coil in China’s prevailing markets recorded a flat trend this month. However, the market didn’t perform too slickly, dragged down by the soft demand from downstream industries
. There were no big changes in the prices of related steel flat products this month, so HGI coil traders were reluctant to adjust their quotations and preferred to hold small inventories . It was hard for steel mills to increase ex-works prices on HGI coil for May production because of the low production cost . Taking all factors into consideration, insiders consider that the price of HGI coil will fall slightly in the coming month.