HRC Market Report September 2015

HRC prices failed to rebound during the month, even though September is considered to be the peak season. Moreover, prices continued to slide in most domestic markets including Tianjin and Guangzhou, although they remained unchanged in certain markets, such as Shanghai.Asian Metal Copyright Insiders suspect the HRC price is likely to stay on a downward trend in October.Asian Metal Copyright Meanwhile, the overall market performance was unsatisfactory, dragged down by weak demand from downstream industries.Asian Metal Copyright Moreover, prices continued to slide in most domestic markets including Tianjin and Guangzhou, although they remained unchanged in certain markets, such as Shanghai.Asian Metal Copyright Most traders weren’t pinning their hopes on “Silver October” and didn’t think the price capable of rebounding in the near future.Asian Metal CopyrightHRC prices failed to rebound during the month, even though September is considered to be the peak season.Asian Metal Copyright Insiders suspect the HRC price is likely to stay on a downward trend in October.