CRC and HGI coil Market Report July 2015

Prices for CRC and HGI coils continued to come down in July, influenced by the stagnant demand from downstream consumers, even though prices of steel raw materials had shown a general upward trend since we entered the middle of July. Steel mills applied further cuts to the ex-works prices of CRC and HGI coil for July production to attract orders from traders, while participants showed little optimism concerning the market outlook.Asian Metal CopyrightPrices for CRC and HGI coils continued to come down in July, influenced by the stagnant demand from downstream consumers, even though prices of steel raw materials had shown a general upward trend since we entered the middle of July.Asian Metal Copyright Taking all factors into consideration, insiders predict prices for CRC and HGI coil will come down further in August but the mark-down will be reduced.