CRC Market Report August 2014
2014-09-02 09:07:08 【Print】
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The price of CRC in China’s leading markets witnessed a downward trend again in August. Traditionally, August is the off-season for steel consumption and demand from downstream consumers shrank further during the course of the month
. The market performance was bad, adversely affected by participants’ pessimistic attitude . Even though “Golden September” is around the corner, there are no signs of demand being released at all . Insiders predict it is possible the price may go down further in September.