Monthly CRC and HGI Coil Market Report Dec 2022
2023-01-06 08:23:22 【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
In December, supported by higher prices of raw materials and rising expectation for the demand recovery, CRC and HGI coil average prices in Chinese major regions went up by about RMB200/t (USD29/t). Steel mills tried to lift list prices to avoid potential risks due to increasing prices of raw materials. However, the demand failed to pick up yet when more and more people infected COVID-19 after the lock down was removed. Supported by the appreciation of Chinese yuan and higher prices in domestic market, CRC and HGI coil export prices edged up by USD40-60/t this month.
In the international market, CRC prices in Malaysia and Vietnam went up continuously for higher prices of raw materials and rising expectation for demand recovery. Those in India fluctuated and went down from last month as the demand failed to pick up as expected and market ran slowly.
In December, supported by higher prices of raw materials and rising expectation for the demand recovery, CRC and HGI coil average prices in Chinese major regions went up by about RMB200/t (USD29/t). Steel mills tried to lift list prices to avoid potential risks due to increasing prices of raw materials. However, the demand failed to pick up yet when more and more people infected COVID-19 after the lock down was removed. Supported by the appreciation of Chinese yuan and higher prices in domestic market, CRC and HGI coil export prices edged up by USD40-60/t this month.
In the international market, CRC prices in Malaysia and Vietnam went up continuously for higher prices of raw materials and rising expectation for demand recovery. Those in India fluctuated and went down from last month as the demand failed to pick up as expected and market ran slowly.
