HRC Market Report May 2017

Prices for HRC stopped going down as they did in March-April and rebounded by RMB100/t (USD15/t) during the month, and the market performance showed signs of warming up following the spirally upward price trend.Asian Metal Copyright In the meantime, the market inventory was reduced obviously.Asian Metal Copyright In the meantime, the market inventory was reduced obviously.Asian Metal Copyright Meanwhile, leading producers such as Baosteel, WISCO, Ansteel, Bengang Steel, Shougang Steel and HBIS either maintained HRC list prices for June production unchanged or lifted them slightly by RMB100t, indicating that mills adopted cautiously optimistic attitudes towards the market prospect.Asian Metal Copyright On the one hand, traders were cautious about supplementing inventories, while on the other hand, downstream customers began to purchase actively, for fear of another price rise. Meanwhile, leading producers such as Baosteel, WISCO, Ansteel, Bengang Steel, Shougang Steel and HBIS either maintained HRC list prices for June production unchanged or lifted them slightly by RMB100/t, indicating that mills adopted cautiously optimistic attitudes towards the market prospect.Asian Metal Copyright On the one hand, traders were cautious about supplementing inventories, while on the other hand, downstream customers began to purchase actively, for fear of another price rise.Asian Metal Copyright Insiders foresee a further price increase in June.

.Asian Metal Copyright On the one hand, traders were cautious about supplementing inventories, while on the other hand, downstream customers began to purchase actively, for fear of another price riseAsian Metal Copyright