Monthly Flat Steel Market Report Aug 2023
2023-09-08 13:50:30 【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 improved a little during the second half of the month. End users watching the market previously began placing orders, believing prices unlikely to go down further. But the demand from downstream industries remained insufficient. Prices of raw materials fluctuated at the high level, and the cost support for finished steel strengthened. Leading producers such as Baowu Group, Ansteel, Shougang Group and HBIS lifted flat steel EXW prices by RMB100-200/t (USD14-28/t) for September production, holding cautiously optimistic attitudes towards the market prospect. Traders showed little confidence in the market prospect seeing the poor sales performance, but they did not think prices would go down further in September.
In the meantime, the international flat steel market ran steadily during the month, and prices changed narrowly.
The domestic flat steel market performance improved a little during the second half of the month. End users watching the market previously began placing orders, believing prices unlikely to go down further. But the demand from downstream industries remained insufficient. Prices of raw materials fluctuated at the high level, and the cost support for finished steel strengthened. Leading producers such as Baowu Group, Ansteel, Shougang Group and HBIS lifted flat steel EXW prices by RMB100-200/t (USD14-28/t) for September production, holding cautiously optimistic attitudes towards the market prospect. Traders showed little confidence in the market prospect seeing the poor sales performance, but they did not think prices would go down further in September.
In the meantime, the international flat steel market ran steadily during the month, and prices changed narrowly.
