Strip Market Report July 2016

Chinese HR strip prices witnessed an upward trend during the month mainly supported by higher raw material costs and increase in steel mills’ list prices. As steel billet prices went up, HR strip producers raised their prices accordingly.Asian Metal CopyrightChinese HR strip prices witnessed an upward trend during the month mainly supported by higher raw material costs and increase in steel mills’ list prices.Asian Metal Copyright Nevertheless, demand from downstream customers remained weak amid the traditionally low season and the market sales performance continued to be poor.Asian Metal Copyright Insiders do not expect the price to rise further in the coming month.Asian Metal Copyright Insiders do not expect the price to rise further in the coming month.