Monthly HRC Market Report Sep 2018

1. Market Highlights

Prices for HRC failed to keep rising during the month, and they even went down quickly in the last two weeks of the month dragged by the slow market, though September was the traditional peak season. End users purchased according to urgent needs and were inactive in building inventories seeing the downward price trend, for fear of another price decline.Asian Metal Copyright End users purchased according to urgent needs and were inactive in building inventories seeing the downward price trend, for fear of another price decline.Asian Metal Copyright Meanwhile, the rigid demand from downstream industries remained insufficient and showed no signs of getting stronger.Asian Metal Copyright Considering most traders have suffered and the market stock remains low, insiders do not think the price of HRC will go down again in October.Asian Metal Copyright Holding low inventories at hand, traders were a little bit uncertain about the market prospect and cautious about supplementing stockpiles, so that the overall market inventory ran on a low level.Asian Metal Copyright Market Highlights Prices for HRC failed to keep rising during the month, and they even went down quickly in the last two weeks of the month dragged by the slow market, though September was the traditional peak season.Asian Metal Copyright In the meantime, leading producers either maintained HRC EXW prices flat or lifted them slightly.Asian Metal Copyright Meanwhile, the rigid demand from downstream industries remained insufficient and showed no signs of getting stronger.Asian Metal Copyright Considering most traders have suffered and the market stock remains low, insiders do not think the price of HRC will go down again in October.

.Asian Metal Copyright Market Highlights Prices for HRC failed to keep rising during the month, and they even went down quickly in the last two weeks of the month dragged by the slow market, though September was the traditional peak seasonAsian Metal Copyright