HGI Coil Market Report May 2014
2014-06-04 09:42:19 【Print】
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Prices for HGI coil in some regions of China, such as Tianjin and Shanghai, recorded a downward trend in May, while those in other regions including Guangzhou were on a flat trend this month. Prices for raw materials such as iron ore were unable to reverse the downward trend over the same period
. As a consequence, it was hard for steel mills to increase their ex-works price for HGI coil . In addition, demand from downstream consumers was still quite weak and it is difficult to see further demand being released in the short term . Insiders predict that it is unlikely prices for HGI coil will rebound in the coming month.