Monthly HRC and Steel Plate Market Report Nov 2022
2022-12-07 12:52:50 【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. The demand from downstream industries remained soft, and end users kept cautious about purchasing dragged by the insufficient orders for final products. The pandemic control slowed down the transportation and the market saw rare transactions. Besides, the cold weather in North China weakened the demand to some degree. Nevertheless, both steel mills and traders were eager to lift prices seeing the rising prices of raw materials as well as the stimulant policies on the pandemic control and the property market. In addition, they suffered losses and remained in a hurry to transfer cost pressures.
In the meantime, the international HRC and steel plate market also performed inactively during the month, amid narrow price changes.
The domestic HRC and steel plate market ran slowly during the month. The demand from downstream industries remained soft, and end users kept cautious about purchasing dragged by the insufficient orders for final products. The pandemic control slowed down the transportation and the market saw rare transactions. Besides, the cold weather in North China weakened the demand to some degree. Nevertheless, both steel mills and traders were eager to lift prices seeing the rising prices of raw materials as well as the stimulant policies on the pandemic control and the property market. In addition, they suffered losses and remained in a hurry to transfer cost pressures.
In the meantime, the international HRC and steel plate market also performed inactively during the month, amid narrow price changes.
