CRC and HGI coil Market Report December 2016

Influenced by the government’s restriction on steel production, raw materials prices recorded a mark-up trend in the first half of this month. As a consequence, prices of CRC and HGI coil rebounded by RMB250-300/t (USD36-44/t) during that time.Asian Metal Copyright As traders did not have much sales pressure with low stocks in hand, prices of HGI coil declined more slightly than CRC did.Asian Metal Copyright However, the steel market weakened in the second half with downstream consumers’ demand shrinking in the traditional low season.Asian Metal Copyright As a consequence, prices of CRC and HGI coil rebounded by RMB250-300t USD36-44t during that time.Asian Metal Copyright As traders did not have much sales pressure with low stocks in hand, prices of HGI coil declined more slightly than CRC did.Asian Metal CopyrightInfluenced by the government’s restriction on steel production, raw materials prices recorded a mark-up trend in the first half of this month.Asian Metal Copyright With the approach of Chinese New Year, the demand from downstream consumers will further shrink, so insiders predict prices for CRC and HGI coil are likely to come down in January.

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