Monthly HRC and Steel Plate Market Report Dec 2021
2022-01-05 13:31:34 【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 of HRC and steel plate went through the up-down trend in major Chinese domestic markets during the month. After the sharp price decline of around RMB1,000/t (USD157/t) during late October and November, prices rebounded early this month, and the market performance improved a little. As traders kept cautious about supplementing inventories, the market stockpile remained low. Besides, prices of raw materials stopped going down obviously and the cost support remained strong. The demand from downstream industries shrank late this month with the approach of the end o the year, and prices fell back gradually. The deceasing prices weakened market participants' confidence in the market prospect.
In the meantime, prices of HRC and steel plate went down in most other Asian markets during the month. The demand from downstream industries remained insufficient. Besides, the decreasing prices from major HRC supplying countries weakened market participants' confidence to some degree.
Prices of HRC and steel plate went through the up-down trend in major Chinese domestic markets during the month. After the sharp price decline of around RMB1,000/t (USD157/t) during late October and November, prices rebounded early this month, and the market performance improved a little. As traders kept cautious about supplementing inventories, the market stockpile remained low. Besides, prices of raw materials stopped going down obviously and the cost support remained strong. The demand from downstream industries shrank late this month with the approach of the end o the year, and prices fell back gradually. The deceasing prices weakened market participants' confidence in the market prospect.
In the meantime, prices of HRC and steel plate went down in most other Asian markets during the month. The demand from downstream industries remained insufficient. Besides, the decreasing prices from major HRC supplying countries weakened market participants' confidence to some degree.
