Monthly HRC Market Report Jun 2019
2019-07-02 14:30:33 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
Prices for HRC continued the downward trend in the first three weeks of the month dragged by the insufficient demand, but they rebounded obviously in the fourth week boosted by restrict pollution curbs in Tangshan, Hebei. Being burdened with sales pressures, leading producers such as Baowu Group, Ansteel, Bengang Steel and HBIS moved down HRC EXW prices for July production for the first time in recent six months. The downstream industry ran slowly, and the rigid demand for finished steel was insufficient. Besides, end users only purchased according to urgent needs and inactive in placing large orders, leading to a slow market. Not being so confident of the market prospect, traders were cautious about supplementing inventories, with wait-and-see attitudes. Insiders foresee a slight price decline in July.
Prices for HRC continued the downward trend in the first three weeks of the month dragged by the insufficient demand, but they rebounded obviously in the fourth week boosted by restrict pollution curbs in Tangshan, Hebei. Being burdened with sales pressures, leading producers such as Baowu Group, Ansteel, Bengang Steel and HBIS moved down HRC EXW prices for July production for the first time in recent six months. The downstream industry ran slowly, and the rigid demand for finished steel was insufficient. Besides, end users only purchased according to urgent needs and inactive in placing large orders, leading to a slow market. Not being so confident of the market prospect, traders were cautious about supplementing inventories, with wait-and-see attitudes. Insiders foresee a slight price decline in July.
