Monthly HRC Market Report Apr 2018

1. Market Highlights

Prices for HRC rebounded by RMB200-300/t (USD32-48/t) in major Chinese domestic markets during the month boosted by significant prices increase in the steel futures market as well as those of raw materials. Meanwhile, the market inventory decreased quickly since end users began to place orders actively seeing the upward price trend.Asian Metal Copyright Meanwhile, the market inventory decreased quickly since end users began to place orders actively seeing the upward price trend.Asian Metal Copyright However, most traders were not so confident of the market prospect after Mid-May and worried about a price decline by then when new materials would arrive intensively.Asian Metal Copyright Market Highlights Prices for HRC rebounded by RMB200-300t USD32-48t in major Chinese domestic markets during the month boosted by significant prices increase in the steel futures market as well as those of raw materials.Asian Metal Copyright Major producers such as Baosteel, WISCO, HBIS, Ansteel and Bengang Steel all maintained HRC list prices for May production flat, with wait-and-see attitudes.Asian Metal Copyright Market Highlights Prices for HRC rebounded by RMB200-300t USD32-48t in major Chinese domestic markets during the month boosted by significant prices increase in the steel futures market as well as those of raw materials.Asian Metal Copyright Insiders foresee a further price rise in May.

.Asian Metal Copyright Meanwhile, the market inventory decreased quickly since end users began to place orders actively seeing the upward price trendAsian Metal Copyright