Monthly Flat Steel Market Report Jul 2023
2023-08-10 14:24:16 【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 flat steel market performance showed signs of improving during the month. Though the demand from downstream Industries remained insufficient in the traditional low season, the purchasing activities of end users increased boosted by the spirally upward price trend. Meanwhile, prices of raw materials kept rising, stimulating both steel mills and traders to lift prices. Leading producers such as Baowu Group, Ansteel Group and Shougang Group all moved up flat steel EXW prices for August production by RMB100-200/t (USD14-28/t), with the positive anticipation for the market prospect. In the meantime, the potential production cut policy late this month strengthened the confidence of market participants to some degree.
In the meantime, the international flat steel market performance also showed signs of improving during the month. The spirally upward price trend in China strengthened the confidence of overseas market participants to some degree.
The domestic flat steel market performance showed signs of improving during the month. Though the demand from downstream Industries remained insufficient in the traditional low season, the purchasing activities of end users increased boosted by the spirally upward price trend. Meanwhile, prices of raw materials kept rising, stimulating both steel mills and traders to lift prices. Leading producers such as Baowu Group, Ansteel Group and Shougang Group all moved up flat steel EXW prices for August production by RMB100-200/t (USD14-28/t), with the positive anticipation for the market prospect. In the meantime, the potential production cut policy late this month strengthened the confidence of market participants to some degree.
In the meantime, the international flat steel market performance also showed signs of improving during the month. The spirally upward price trend in China strengthened the confidence of overseas market participants to some degree.
