Monthly HRC and Steel Plate Market Report Feb 2022

1. Market Highlights

The domestic HRC and steel plate market ran slowly during the month dragged by the low purchasing activities of end users as well as the soft demand from downstream industries. Prices changed narrowly and frequently.Asian Metal Copyright Restricted by the pollution curbs during the Winter Olympic Games, the supply reduced.Asian Metal Copyright Boosted by the rising prices of raw materials, steel mills and traders remained eager to raise prices, while end users refused to accept higher prices, and the market ran stagnantly. Leading producers such as Baowu Group, Ansteel, Bengang Steel, HBIS and Shougang Group announced the decision to lift HRC EXW prices for March production by RMB300-400/t (USD47-63/t) during the month.Asian Metal Copyright Boosted by the rising prices of raw materials, steel mills and traders remained eager to raise prices, while end users refused to accept higher prices, and the market ran stagnantly.Asian Metal Copyright Restricted by the pollution curbs during the Winter Olympic Games, the supply reduced.

In the meantime, prices of HRC and steel plate went up in other Asian markets during the month. Stimulated by the energy price increase, overseas steel mills lifted prices actively.Asian Metal Copyright Market Highlights The domestic HRC and steel plate market ran slowly during the month dragged by the low purchasing activities of end users as well as the soft demand from downstream industries.Asian Metal Copyright The demand kept improving, but far from satisfactory.

.Asian Metal Copyright Restricted by the pollution curbs during the Winter Olympic Games, the supply reducedAsian Metal Copyright