Strip Market Report December 2015
2016-01-08 09:29:12 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
Chinese HR strip prices saw an upward trend during the month mainly supported by higher raw material costs and the increase in steel mills’ list prices
. As steel billet prices went up, major HR strip producers raised their prices accordingly . However, with downstream customers still struggling amid the gloomy economy and traditional off-season, the market sales performance continued to be poor . Traders refused to build substantial stockpiles to avoid any risks and the market inventory remained low . With Chinese New Year almost upon us, insiders predict the market will remain dim in the coming month .