CRC and HGI coil Market Report June 2017

CRC and HGI coil prices in most Chinese leading markets generally recorded an upward trend this month, pulled up by raw materials’ price rise and the prosperity in the futures market. CRC market performed more actively, witnessing a mark-up of around RMB300/t (USD44/t) while HGI coil market ran less actively, recording a mark-up of around RMB100/t (USD15/t).Asian Metal Copyright However, the demand from downstream consumers will remain weak in July, when it is the traditional low season.Asian Metal Copyright Steel mills showed more optimism for the coming market and began to lift ex-works prices seeing prices began to rebound.Asian Metal Copyright CRC market performed more actively, witnessing a mark-up of around RMB300t USD44t while HGI coil market ran less actively, recording a mark-up of around RMB100t USD15t.Asian Metal Copyright However, the demand from downstream consumers will remain weak in July, when it is the traditional low season.Asian Metal Copyright .Asian Metal Copyright Insiders predict prices for CRC and HGI coil are likely to decline slightly in the coming month.

.Asian Metal CopyrightCRC and HGI coil prices in most Chinese leading markets generally recorded an upward trend this month, pulled up by raw materials’ price rise and the prosperity in the futures marketAsian Metal Copyright