Monthly CRC and HGI Coil Market Report May 2022
2022-06-07 08:27:23 【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
Due to limited demand and slow market performance under the epidemics, CRC and HGI coil prices in major Chinese regions went down by around RMB250/t (USD38/t) and RMB150/t (USD23/t) respectively in May. Stocks kept going up during this time and steel mills became less active in production due to the deficit as raw materials' prices kept standing high. Following the downward trend in domestic market, CRC and HGI coil export prices declined further this month.
In the international market, CRC prices in Malaysia, Vietnam and India as well as HGI coil prices in India all continued on the decline this month discouraged by weak demand from downstream industries and lower prices for raw materials.
Due to limited demand and slow market performance under the epidemics, CRC and HGI coil prices in major Chinese regions went down by around RMB250/t (USD38/t) and RMB150/t (USD23/t) respectively in May. Stocks kept going up during this time and steel mills became less active in production due to the deficit as raw materials' prices kept standing high. Following the downward trend in domestic market, CRC and HGI coil export prices declined further this month.
In the international market, CRC prices in Malaysia, Vietnam and India as well as HGI coil prices in India all continued on the decline this month discouraged by weak demand from downstream industries and lower prices for raw materials.
