Monthly Strip Market Report Aug 2018
2018-09-04 09:19:58 【Print】
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HR strip prices in major markets of China kept the upward trend during this month mainly supported by higher raw material costs and increase in steel mills' list prices. Many steel mills could not keep the regular production affected by the strict environmental protection inspection. However, seeing the continuous price increase, customers without urgent need for materials were just holding a wait-and-see attitude and refusing to place orders. Because of the high purchase cost and weak customer demand, traders were reluctant to build large stockpiles. Insiders think the market will continue to be quiet in the coming month.
