Monthly HRC Market Report Mar 2018
2018-04-04 09:33:23 【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 dropped by RMB300-400/t (USD480-640/t) in major Chinese domestic markets during the month, dragged by significant prices decreases of raw materials as well as those in the steel futures market. Major producers such as Baosteel, WISCO, Bengang Steel, Ansteel, Shougang Steel and HBIS either lifted prices for April production slightly by RMB50/t (USD8/t) or maintained them flat, indicating that they were not so confident of the market outlook seeing the sharp price decline during the month. End users were inactive in placing orders seeing the unclear price trend, with wait-and-see attitudes. However, traders were eager to lift prices seeing high purchasing costs but low selling prices, and most of them had suffered. Considering prices for raw materials rebounded significantly late of the month and the downstream demand is likely to get stronger day by day in April, insiders foresee a price increase of HRC by then.
Prices for HRC dropped by RMB300-400/t (USD480-640/t) in major Chinese domestic markets during the month, dragged by significant prices decreases of raw materials as well as those in the steel futures market. Major producers such as Baosteel, WISCO, Bengang Steel, Ansteel, Shougang Steel and HBIS either lifted prices for April production slightly by RMB50/t (USD8/t) or maintained them flat, indicating that they were not so confident of the market outlook seeing the sharp price decline during the month. End users were inactive in placing orders seeing the unclear price trend, with wait-and-see attitudes. However, traders were eager to lift prices seeing high purchasing costs but low selling prices, and most of them had suffered. Considering prices for raw materials rebounded significantly late of the month and the downstream demand is likely to get stronger day by day in April, insiders foresee a price increase of HRC by then.
