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.