Strip Market Report January 2016
2016-02-04 14:12:41 【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 witnessed an upward trend during the month mainly supported by higher raw material costs and the increase in steel mills’ list prices
. Since steel billet prices went up, major HR strip producers increased their prices accordingly . However, the market sales performance continued to be poor with downstream customers still struggling amid the gloomy economy and traditional off-season . Traders refused to build substantial stockpiles, intent on avoiding any risks and the market inventory remained low . Considering Chinese New Year is around the corner, insiders predict the market will stay quiet in the coming month.