HRC Market Report August 2012
2012-09-24 17:54:43 【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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Due to the gloomy international and domestic economies, the demand from downstream industries kept weak. Furthermore, the prevailing steel mills announce to lower list prices for September production. Consequently, the market prices witnessed a significantly declining trend in August. Most downstream customers purchased in small quantities to meet urgent needs, and the orders from them decreased modestly. The downward in futures market also dragged down the market prices. Considering the current situation, insiders believe that Chinese domestic HRC prices are likely to further go down with some fluctuations in the coming month.
