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  • Monthly HRC and Steel Plate Market Report Mar 2022

    2022-04-11 14:15:05   【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

    Generally speaking, the domestic HRC and steel plate market ran slowly during the month dragged by the new wave of pandemic, though it was the traditional peak season. Encouraged by the rising price of raw materials, both steel mills and traders remained eager to raise prices. Leading producers such as Baowu Group, HBIS, Shougang Group and Ansteel all lifted HRC EXW prices for April production by RMB300-400/t (USD47-63/t) during the month.Asian Metal Copyright The demand from downstream industries recovered gradually.Asian Metal Copyright Besides, the market inventory kept low.Asian Metal Copyright However, more and more end users showed resistance to the rising prices late this month.Asian Metal Copyright However, the demand from downstream industries was soft.Asian Metal Copyright In the meantime, prices of HRC ad steel plate kept going up in other countries during the month.Asian Metal Copyright On the one hand, the operation of downstream plants slowed down restricted by the strict control under the pandemic, while on the other hand, end users kept cautious about purchasing seeing the frequent price fluctuation as well as the slow transportation.

    In the meantime, prices of HRC ad steel plate kept going up in other countries during the month. The demand from downstream industries recovered gradually.Asian Metal Copyright Market Highlights Generally speaking, the domestic HRC and steel plate market ran slowly during the month dragged by the new wave of pandemic, though it was the traditional peak season.Asian Metal Copyright Besides, the reduced supply caused by the conflict between Russia and Ukraine stimulated overseas producers to move up prices.Asian Metal Copyright Encouraged by the rising price of raw materials, both steel mills and traders remained eager to raise prices.Asian Metal Copyright However, more and more end users showed resistance to the rising prices late this month.


    .Asian Metal Copyright Market Highlights Generally speaking, the domestic HRC and steel plate market ran slowly during the month dragged by the new wave of pandemic, though it was the traditional peak seasonAsian Metal Copyright
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