Strip Market Report June 2014
2014-07-01 18:53:47 【Print】
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Prices of HR strip witnessed a downward trend this month. Most mills cut their ex-works prices, and traders followed suit
. The demand from downstream buyers was soft and the sales performance was unsatisfactory . Besides, prices of raw materials such as steel billet and iron ore also went down . With the approach of the traditional off-season, prices will struggle to hold firm . Under such conditions, insiders deem that the HR strip price is likely to go down further next month.