Monthly HRC & Steel Plate Market Report Jun 2020
2020-07-02 08:48:08 【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 and steel plate showed signs of powerless to go up further during the month, with markups narrowed by two-thirds from those of May. On the one hand, the downstream demand remained not strong enough, despite the recovered downstream industries. On the other hand, end users preferred to purchase according to orders for final products and had no intention to build stocks. Besides, the supply increased day by day with steel mills hiking production. Though prices for raw materials kept rising, the markups were obviously lower than those in May. Leading producers such as Baowu Group, HBIS, Bengang Steel, Ansteel and Shougang Steel moved up HRC list prices by about RMB300/t (USD45/t) for July production, stimulating traders to raise prices to some extent, despite the slow market.
Meanwhile, prices for HRC and steel plate ran on different trends in other Asian markets during the month. Though most countries lifted the lockdown, the downstream industries ran slowly and the steel market kept quiet.
Prices for HRC and steel plate showed signs of powerless to go up further during the month, with markups narrowed by two-thirds from those of May. On the one hand, the downstream demand remained not strong enough, despite the recovered downstream industries. On the other hand, end users preferred to purchase according to orders for final products and had no intention to build stocks. Besides, the supply increased day by day with steel mills hiking production. Though prices for raw materials kept rising, the markups were obviously lower than those in May. Leading producers such as Baowu Group, HBIS, Bengang Steel, Ansteel and Shougang Steel moved up HRC list prices by about RMB300/t (USD45/t) for July production, stimulating traders to raise prices to some extent, despite the slow market.
Meanwhile, prices for HRC and steel plate ran on different trends in other Asian markets during the month. Though most countries lifted the lockdown, the downstream industries ran slowly and the steel market kept quiet.
