HGI Coil Market Report April 2015
2015-05-06 13:51:24 【Print】
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The price of HGI coil in China’s leading markets remained on a downward trend in April, even though some steel raw materials showed signs of rebounding in the latter half of the month. Lacking any confidence in a market recovery, steel mills further lowered the ex-works prices of HGI coil for May production
. In addition, demand from the automobile industry largely failed to materialize . Insiders predict that the price of HGI coil will decline further in May but the mark-down will have narrowed.