Monthly HRC and Steel Plate Market Report Feb 2023
2023-03-08 14:13:28 【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 first two weeks of the month as most downstream plants did not resume production for the Spring Festival holiday, and it recovered gradually from the middle of the month following the improvement of downstream demand. Participants adopted optimistic anticipation for the market prospect. Meanwhile, prices of raw materials fluctuated at the high level and the cost support for finished steel remained strong. Reporting losses or struggling at the edge of suffering, steel mills kept eager to lift EXW prices of HRC and steel plate. In the meantime, the market inventory reduced gradually late this month.
In the meantime, the HRC and steel plate market in other countries either recovered or kept steady, amid narrow price changes.
The domestic HRC and steel plate market ran slowly during the first two weeks of the month as most downstream plants did not resume production for the Spring Festival holiday, and it recovered gradually from the middle of the month following the improvement of downstream demand. Participants adopted optimistic anticipation for the market prospect. Meanwhile, prices of raw materials fluctuated at the high level and the cost support for finished steel remained strong. Reporting losses or struggling at the edge of suffering, steel mills kept eager to lift EXW prices of HRC and steel plate. In the meantime, the market inventory reduced gradually late this month.
In the meantime, the HRC and steel plate market in other countries either recovered or kept steady, amid narrow price changes.
