Monthly HRC and Steel Plate Market Report Aug 2022
2022-09-09 14:06:51 【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
The domestic HRC and steel plate market ran slowly during the month, amid narrow price change. The high temperature and electricity shortage in East and South China restrained the downstream demand from improving to some extent. Reporting shrinking orders for final products, end users kept inactive in purchasing, with wait-and-see attitudes. Nevertheless, traders lifted prices tentatively supported by the low stocks. Steel mills kept inactive in producing seeing the narrow profits, and the supply reduced. Discouraged by the poor sales performance, leading steel mills cut HRC EXW prices by around RMB100/t (USD14/t) for September production.
In the meantime, the HRC and steel plate market ran slowly in other countries during the month. The demand from downstream industries remained sluggish, and participants showed little confidence in the market prospect.
The domestic HRC and steel plate market ran slowly during the month, amid narrow price change. The high temperature and electricity shortage in East and South China restrained the downstream demand from improving to some extent. Reporting shrinking orders for final products, end users kept inactive in purchasing, with wait-and-see attitudes. Nevertheless, traders lifted prices tentatively supported by the low stocks. Steel mills kept inactive in producing seeing the narrow profits, and the supply reduced. Discouraged by the poor sales performance, leading steel mills cut HRC EXW prices by around RMB100/t (USD14/t) for September production.
In the meantime, the HRC and steel plate market ran slowly in other countries during the month. The demand from downstream industries remained sluggish, and participants showed little confidence in the market prospect.
