Monthly Strip Market Report Jan 2019
2019-02-13 17:38:59 【Print】
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HR strip prices in major markets of China saw different trends during this month
. Prices in North China went up mainly supported by higher raw material costs and increase in steel mills' list prices, while those in East China and South China witnessed a downward trend on weak customer demand . With the arrival of the Spring Festival, customers left the market for holiday in succession and the market sales performance was quite bad . Having no confidence in the market outlook, traders were reluctant to build large stockpiles and the market inventory kept at a low level . Insiders suppose prices would go up slightly in the coming month due to high raw material costs.