Monthly Strip Market Report Jun 2019
2019-07-02 09:20:27 【Print】
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HR strip prices in North China and South China saw an upward trend during this month mainly supported by higher raw material costs and the increase in steel mills' list prices, while those in East China went down on weak customer demand
. The market sales performance continued to be unsatisfying as customers without urgent need for materials were mostly holding a wait-and-see attitude and placing orders sparingly . Because of the environmental protection inspection and the tight supply of raw materials, some steel mills did not resume the regular production . Traders were not confident of the market outlook and refused to build large stockpiles . Insiders do not expect the market to improve in the coming month.