Monthly HRC and Steel Plate Market Report Jun 2023
2023-07-12 09:24:38 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. Market Highlights
Though June acts as the traditional low season, the domestic HRC and steel plate market performance improved a little during the month compared with May as the purchasing activities increased boosted by the spirally upward price trend. End users watching the market previously began placing orders seeing the price increase. Besides, prices of raw materials such as iron ore and steel billet fluctuated at the high level and the cost support strengthened. The confidence of market participants improved gradually due to the series of stimulant policies from the central government. Reporting profits rather than losses as they did in May, mainstream steel mills produced actively.
In the meantime, the international HRC and steel plate market also showed signs of recovering during the month. The spirally upward price trend in China after the continuous decreases in the past two months strengthened the confidence of overseas participants to some degree.
Though June acts as the traditional low season, the domestic HRC and steel plate market performance improved a little during the month compared with May as the purchasing activities increased boosted by the spirally upward price trend. End users watching the market previously began placing orders seeing the price increase. Besides, prices of raw materials such as iron ore and steel billet fluctuated at the high level and the cost support strengthened. The confidence of market participants improved gradually due to the series of stimulant policies from the central government. Reporting profits rather than losses as they did in May, mainstream steel mills produced actively.
In the meantime, the international HRC and steel plate market also showed signs of recovering during the month. The spirally upward price trend in China after the continuous decreases in the past two months strengthened the confidence of overseas participants to some degree.
