HRC Market Report August 2017

Prices for HRC continued on the sharp upward trend in the first half of the month, with the mark-up of RMB300-400/t (USD45-60/t), but they kept fluctuating and were powerless to go up significantly in the second half.Asian Metal Copyright Meanwhile, traders held wait-and-see attitudes towards the market outlook in view of the poor sales performance but restrict environmental protection policies, and they refused to build large inventories, for fear of potential risks.Asian Metal Copyright As prices showed signs of falling back during the month, the overall market performance was less satisfactory than that in July.Asian Metal CopyrightPrices for HRC continued on the sharp upward trend in the first half of the month, with the mark-up of RMB300-400t USD45-60t, but they kept fluctuating and were powerless to go up significantly in the second half.Asian Metal Copyright Meanwhile, traders held wait-and-see attitudes towards the market outlook in view of the poor sales performance but restrict environmental protection policies, and they refused to build large inventories, for fear of potential risks. Meanwhile, major producers such as Baosteel, Ansteel, Bengang Steel and HBIS all lifted HRC list prices for September production by around RMB500/t (USD75/t) boosted by rising production costs.Asian Metal Copyright Insiders foresee a further price increase in the “Golden September”.Asian Metal Copyright Insiders foresee a further price increase in the “Golden September”.


.Asian Metal Copyright Meanwhile, traders held wait-and-see attitudes towards the market outlook in view of the poor sales performance but restrict environmental protection policies, and they refused to build large inventories, for fear of potential risksAsian Metal Copyright