Strip Market Report March 2016

Chinese HR strip prices witnessed an upward trend during the month mainly because of higher raw material costs and the increase in steel mills’ list prices. As steel billet prices went up, HR strip producers raised their prices accordingly.Asian Metal Copyright Insiders do not expect the price to go up further in the coming month.Asian Metal Copyright However, with no urgent need for materials, customers were still adopting a cautious attitude and placed orders sparingly.Asian Metal Copyright Traders refused to build substantial stockpiles and the market inventory remained low.Asian Metal Copyright Traders refused to build substantial stockpiles and the market inventory remained low.Asian Metal Copyright .Asian Metal Copyright Insiders do not expect the price to go up further in the coming month.