HGI Coil Market Report October 2014

The HGI coil market in China failed to see any improvement in October, the traditional peak season for steel consumption. Affected by the fall in raw material prices, any support from the production cost was weakened further.Asian Metal Copyright Participants were faced with increasing pressure from capital shortages as the end of the year approached, so it was hard for the market to make progress in the short term.Asian Metal Copyright Major steel mills lowered their ex-works price of HGI coil for November production.Asian Metal Copyright Participants were faced with increasing pressure from capital shortages as the end of the year approached, so it was hard for the market to make progress in the short term.Asian Metal Copyright Participants were faced with increasing pressure from capital shortages as the end of the year approached, so it was hard for the market to make progress in the short term.Asian Metal Copyright Major steel mills lowered their ex-works price of HGI coil for November production.Asian Metal Copyright Insiders predict it is likely that the price of HGI coil will decline slightly in November.