Monthly HRC and Steel Plate Market Report Jan 2023
2023-02-08 13:48:35 【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 calmed down gradually during the month with more and more downstream plants halting production for the approach of the Spring Festival. Reporting insufficient orders for final products, end users maintaining production strictly purchased from hand to mouth, with wait-and-see attitudes. Nevertheless, both steel mills and traders kept eager to lift prices, adopting optimistic anticipation for the market prospect. Meanwhile, prices of raw materials such as iron ore and steel billet kept high and the cost support for finished steel remained strong.
In the meantime, the international HRC and steel plate market showed signs of recovering during the month. Suppliers kept eager to lift prices boosted by the rising prices in China and the positive anticipation for the coming market.
The domestic HRC and steel plate market calmed down gradually during the month with more and more downstream plants halting production for the approach of the Spring Festival. Reporting insufficient orders for final products, end users maintaining production strictly purchased from hand to mouth, with wait-and-see attitudes. Nevertheless, both steel mills and traders kept eager to lift prices, adopting optimistic anticipation for the market prospect. Meanwhile, prices of raw materials such as iron ore and steel billet kept high and the cost support for finished steel remained strong.
In the meantime, the international HRC and steel plate market showed signs of recovering during the month. Suppliers kept eager to lift prices boosted by the rising prices in China and the positive anticipation for the coming market.
