Strip Market Report April 2016

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.Asian Metal CopyrightChinese 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.Asian Metal Copyright However, customers with no urgent need for materials were still adopting a cautious attitude and placed orders sparingly.Asian Metal Copyright The market sales performance continued to be poor.Asian Metal Copyright The market sales performance continued to be poor.Asian Metal Copyright However, customers with no urgent need for materials were still adopting a cautious attitude and placed orders sparingly.Asian Metal Copyright Insiders do not expect the price to rise further in the coming month.