HRC Market Report April 2016
2016-05-04 09:13:36 【Print】
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HRC prices continued to rise sharply in China during the month with a markup of around RMB500/t (USD77/t), mainly boosted by the soaring price of raw materials due to tight supply. Nevertheless, as prices increased sharply and quickly but weren’t backed up by solid demand, downstream customers preferred to watch the market cautiously rather than place orders, waiting for a clear price trend