Monthly HRC Market Report Mar 2018

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.Asian Metal Copyright End users were inactive in placing orders seeing the unclear price trend, with wait-and-see attitudes.Asian Metal Copyright End users were inactive in placing orders seeing the unclear price trend, with wait-and-see attitudes.Asian Metal Copyright However, traders were eager to lift prices seeing high purchasing costs but low selling prices, and most of them had suffered.Asian Metal Copyright However, traders were eager to lift prices seeing high purchasing costs but low selling prices, and most of them had suffered.Asian Metal Copyright Major producers such as Baosteel, WISCO, Bengang Steel, Ansteel, Shougang Steel and HBIS either lifted prices for April production slightly by RMB50t USD8t or maintained them flat, indicating that they were not so confident of the market outlook seeing the sharp price decline during the month.Asian Metal Copyright 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.

.Asian Metal Copyright However, traders were eager to lift prices seeing high purchasing costs but low selling prices, and most of them had sufferedAsian Metal Copyright