Monthly HRC & Steel Plate Market Report Jul 2020

1. Market Highlights

Prices for HRC continued to go up during the month, with the markup of around 5%, and prices for steel plate only increased by about 2%. Boosted by higher production costs, steel mills moved up flat steel EXW prices actively during the month. Therein, leading producers such as Baowu Group, HBIS, Ansteel, Bengang Steel and Shougang Steel hiked HRC EXW prices for August production by RMB100-150/t (USD14-22/t).Asian Metal Copyright Boosted by higher production costs, steel mills moved up flat steel EXW prices actively during the month.Asian Metal Copyright Besides, most participants adopted cautiously optimistic attitudes towards the market prospect in view of the upward price trend in the capital market.Asian Metal Copyright However, end users just purchased from hand to mouth, and the rigid demand remained insufficient, both leading to a dim market.Asian Metal Copyright With low stockpiles in hand, traders were eager to lift prices.Asian Metal Copyright However, end users just purchased from hand to mouth, and the rigid demand remained insufficient, both leading to a dim market.Asian Metal Copyright However, end users just purchased from hand to mouth, and the rigid demand remained insufficient, both leading to a dim market.

In the meantime, prices for HRC and steel plate also went up in other Asian markets boosted by the upward price trend in China. However, the market performance remained unsatisfactory dragged by the slow downstream industry.

.Asian Metal Copyright With low stockpiles in hand, traders were eager to lift pricesAsian Metal Copyright