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  • Monthly HRC and Steel Plate Market Report Jan 2022

    2022-02-10 13:30:50   【Print】
    The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
    Please contact us for a subscription.
    1. Market Highlights

    The domestic HRC and steel plate market witnessed narrow and frequent price change during the month. Boosted by the rising prices of raw materials, steel mills and traders remained eager to lift prices.Asian Metal Copyright Most steel mills reported sufficient orders for February production supported by the high purchasing activities from traders and end users during the last two weeks of the month.Asian Metal Copyright Besides, the market inventory ran at the low level.Asian Metal Copyright1.Asian Metal Copyright Nevertheless, end users kept cautious about placing orders seeing the frequent price fluctuation, leading to the dim market.Asian Metal Copyright Most steel mills reported sufficient orders for February production supported by the high purchasing activities from traders and end users during the last two weeks of the month.Asian Metal Copyright The series of stimulant policies from the central government strengthened market participants' confidence to a large extent, and traders and customers began to supplement inventories actively late this month, right before the Spring Festival.Asian Metal Copyright Market Highlights The domestic HRC and steel plate market witnessed narrow and frequent price change during the month.Asian Metal Copyright Most steel mills reported sufficient orders for February production supported by the high purchasing activities from traders and end users during the last two weeks of the month.

    In the meantime, prices of HRC and steel plate kept decreasing in the first half of the month, but tended to stabilize or even went up in the second half of the month supported by the worldwide price rise and short supply of energy, despite the sluggish demand.

    .Asian Metal Copyright Nevertheless, end users kept cautious about placing orders seeing the frequent price fluctuation, leading to the dim marketAsian Metal Copyright
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