Monthly CRC and HGI Coil Market Report Oct 2017

CRC and HGI coil prices in major markets of China saw an upward trend during this month mainly supported by higher raw material costs and the low market inventory.Asian Metal CopyrightCRC and HGI coil prices in major markets of China saw an upward trend during this month mainly supported by higher raw material costs and the low market inventory.Asian Metal Copyright Domestic steel mills like Baosteel, WISCO, Ansteel and Bengang Steel all announced to keep their list prices stable for November production.Asian Metal Copyright Domestic steel mills like Baosteel, WISCO, Ansteel and Bengang Steel all announced to keep their list prices stable for November production.Asian Metal Copyright However, some downstream customers could not keep the regular production affected by the environmental protection inspection and their demand was hard to be released in the near future.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles and the market inventory kept low.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles and the market inventory kept low.Asian Metal Copyright However, some downstream customers could not keep the regular production affected by the environmental protection inspection and their demand was hard to be released in the near future.Asian Metal Copyright Insiders do not expect prices of CRC and HGI coil to go up further in the coming month.
.Asian Metal Copyright Having no confidence in the market outlook, traders were reluctant to build large stockpiles and the market inventory kept lowAsian Metal Copyright