Monthly HRC Market Report Feb 2018
2018-03-05 18:06:44 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
Prices for HRC increased obviously during the month, with the markup ranging from RMB90-150/t (USD14-24/t). Traders in North China lifted prices tentatively before the Chinese New Year (February) in view of higher purchasing costs, despite the slow market with more and more end users retreating from the market. Meanwhile, prices went up again after the holiday boosted by the restrict environmental protection policy of the government in Tangshan, Hebei province, which required local enterprises to keep controlling blast furnace operation by 15% after Mid-March, the heating season environmental protection period, and prices for steel billet, the raw material for HRC also went up significantly. Meanwhile, the market performance warmed up right after the holiday following the price rise. However, as the price failed to go up further and even fell back slightly in certain regions, the market performance returned to be unsatisfactory. Insiders forecast a slight price rebound in March.
Prices for HRC increased obviously during the month, with the markup ranging from RMB90-150/t (USD14-24/t). Traders in North China lifted prices tentatively before the Chinese New Year (February) in view of higher purchasing costs, despite the slow market with more and more end users retreating from the market. Meanwhile, prices went up again after the holiday boosted by the restrict environmental protection policy of the government in Tangshan, Hebei province, which required local enterprises to keep controlling blast furnace operation by 15% after Mid-March, the heating season environmental protection period, and prices for steel billet, the raw material for HRC also went up significantly. Meanwhile, the market performance warmed up right after the holiday following the price rise. However, as the price failed to go up further and even fell back slightly in certain regions, the market performance returned to be unsatisfactory. Insiders forecast a slight price rebound in March.
