CRC and HGI coil Market Report August 2017
2017-09-05 17:47:51 【Print】
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CRC and HGI coil prices in major markets of China went up further during this month mainly supported by higher raw material costs and the price increase in steel futures market
. Domestic steel mills like Baosteel, Ansteel and Bengang Steel all raised their list prices for September production obviously . However, as demand from downstream customers remained weak amid the traditionally low season, the market sales performance was bad . Because of higher purchase cost and weak customer demand, traders were reluctant to build large stockpiles . As September is the high season for steel industry, insiders think prices for CRC and HGI coil are likely to rise again in the coming month.