Monthly HRC and Steel Plate Market Report Dec 2022
2023-01-05 14:27:32 【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 showed signs of improving early this month boosted by the continuous price increases, but the market turned to dim again from the middle of the month dragged by the wide spread of the pandemic. Prices of raw materials went up further, and the cost support for finished steel kept strong. Besides, the market inventory remained low. In addition, the government announced the decision to ease the Covid restrictions, strengthening market participants' confidence and stimulating steel mills and traders to lift prices. However, the demand from downstream industries remained weak, and end users strictly purchased from hand to mouth and refused to build stocks. Steel mills and traders adopted optimistic outlook towards the market prospect.
In the meantime, the international HRC and steel plate market performance remained unsatisfactory, but suppliers kept eager to lift prices supported by the rising prices in China. The demand kept soft in most countries.
The domestic HRC and steel plate market showed signs of improving early this month boosted by the continuous price increases, but the market turned to dim again from the middle of the month dragged by the wide spread of the pandemic. Prices of raw materials went up further, and the cost support for finished steel kept strong. Besides, the market inventory remained low. In addition, the government announced the decision to ease the Covid restrictions, strengthening market participants' confidence and stimulating steel mills and traders to lift prices. However, the demand from downstream industries remained weak, and end users strictly purchased from hand to mouth and refused to build stocks. Steel mills and traders adopted optimistic outlook towards the market prospect.
In the meantime, the international HRC and steel plate market performance remained unsatisfactory, but suppliers kept eager to lift prices supported by the rising prices in China. The demand kept soft in most countries.
