HRC Market Report March 2017

Prices for HRC in China dropped sharply and quickly in China during the month, with the mark-down of around RMB500/t (USD75/t), against RMB100/t (USD15/t) in February.Asian Metal Copyright Mills maintained HRC list prices for April flat, but enlarged discounts, indicating that they were not so confident of the market outlook.Asian Metal Copyright Mills maintained HRC list prices for April flat, but enlarged discounts, indicating that they were not so confident of the market outlook.Asian Metal Copyright .Asian Metal Copyright Traders faced serious capital pressures caused by increased stockpiles as well as the poor sales performance.Asian Metal Copyright .Asian Metal Copyright Meanwhile, end users were cautious about placing orders seeing the downward trend, waiting for a further price decline, leading to a stagnant market.Asian Metal Copyright Insiders foresee another price decrease in April.Asian Metal Copyright Though the government announced to enlarge investment on infrastructure, the downstream demand for flat steel showed no signs of getting strong.Asian Metal Copyright Mills maintained HRC list prices for April flat, but enlarged discounts, indicating that they were not so confident of the market outlook.Asian Metal Copyright Insiders foresee another price decrease in April.

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