CRC and HGI coil Market Report June 2015

The price of CRC and HGI coil in China’s major markets remained on a downward trend in June, influenced by the continuing stagnant demand from downstream industries and weakening support from production costs. Steel mills applied further cuts to the ex-works prices of CRC and HGI coil for July production in a bid to attract orders from traders.Asian Metal CopyrightThe price of CRC and HGI coil in China’s major markets remained on a downward trend in June, influenced by the continuing stagnant demand from downstream industries and weakening support from production costs.Asian Metal Copyright However, participants showed little optimism about the market outlook.Asian Metal CopyrightThe price of CRC and HGI coil in China’s major markets remained on a downward trend in June, influenced by the continuing stagnant demand from downstream industries and weakening support from production costs.Asian Metal Copyright Taking all factors into consideration, insiders predict prices for CRC and HGI coil will come down further in July.