Strip Market Report January 2015

Prices for HR strip in China’s leading markets decreased sharply because those for most raw materials fell. Traders’ sales performance was unsatisfactory, and most participants were pessimistic about future market trends.Asian Metal CopyrightPrices for HR strip in China’s leading markets decreased sharply because those for most raw materials fell.Asian Metal Copyright With the Spring Festival coming up next month, some HR strip steel mills and downstream producers have halted production in advance.Asian Metal Copyright Traders’ sales performance was unsatisfactory, and most participants were pessimistic about future market trends.Asian Metal Copyright Insiders deem the price likely to decrease further in February.