Strip Market Report October 2014
2014-11-04 08:54:51 【Print】
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Prices for HR strip in China’s leading markets increased slightly during the month due to the rising price of steel billets, the raw material for HR strip. Although October was the traditional peak-season for steel consumption, downstream demand was soft and the sales performance was unsatisfactory
. Since by November we will have entered the off-season and downstream demand shows no signs of releasing, insiders predict the price for HR strip is likely to decrease next month.