CRC and HGI coil Market Report July 2015
2015-08-04 09:42:21 【Print】
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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
. 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.