Monthly HRC and Steel Plate Market Report Apr 2022

1. Market Highlights

Prices of HRC and steel plate fluctuated frequently and narrowly during the month. The high prices of raw materials stimulated traders to raise prices.Asian Metal Copyright The high prices of raw materials stimulated traders to raise prices.Asian Metal Copyright Besides, the overall market inventory remained relatively low.Asian Metal Copyright The decreasing prices in China heightened overseas buyers' cautious attitudes.Asian Metal Copyright However, the low activities in the market under the pandemic control weakened market participants' confidence in the market prospect to some degree.Asian Metal Copyright However, the low activities in the market under the pandemic control weakened market participants' confidence in the market prospect to some degree.Asian Metal Copyright Meanwhile, the demand from downstream industries remained insufficient.Asian Metal Copyright Leading producers such as Baowu Group, HBIS, Ansteel and Shougang Group all maintained list prices for May production.Asian Metal Copyright Therefore, prices did not witness obvious change.Asian Metal Copyright However, the low activities in the market under the pandemic control weakened market participants' confidence in the market prospect to some degree.Asian Metal Copyright Leading producers such as Baowu Group, HBIS, Ansteel and Shougang Group all maintained list prices for May production.

In the meantime, prices of HRC and steel plate ran on different trends in overseas during the month. The decreasing prices in China heightened overseas buyers' cautious attitudes.Asian Metal Copyright In the meantime, prices of HRC and steel plate ran on different trends in overseas during the month.Asian Metal Copyright Reporting poor sales performance, steel mills in other countries decreased prices to attract customers.

.Asian Metal Copyright The high prices of raw materials stimulated traders to raise pricesAsian Metal Copyright