Strip Market Report April 2016
2016-05-04 15:17:57 【Print】
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Chinese HR strip prices saw 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 sharply, HR strip producers increased their prices accordingly
. However, customers with no urgent need for materials were still adopting a cautious attitude and placed orders sparingly . The market sales performance continued to be poor . Insiders do not expect the price to rise further in the coming month.