Strip Market Report November 2016
2016-12-01 09:31:28 【Print】
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Chinese HR strip prices went up further during the month mainly supported by higher raw material costs and increase in steel mills’ list prices
. As steel billet prices increased, HR strip producers raised their prices accordingly . Nevertheless, seeing the sharp price increase, customers without urgent need for materials were still taking a cautious attitude and refusing to place orders . Insiders do not expect the price to move up further in the coming month on weak customer demand.