Strip Market Report January 2013
2013-02-01 09:00:39 【Print】
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This month, prices of HR strip in domestic markets increased in general and markups were different in most regions
. The demand was soft in the traditional off season and the market was as cold as the weather in North China . With the approach of the Spring Festival (February 9), Chinese are to celebrate holiday and most participants as least have a seven-day holiday and most of them will leave the market early February . Prices of steel billet and iron ore witnessed an upward trend recently, but the price of HR strip was difficult to increase much dragged by the soft demand . Traders did not build up large stocks as they were worried about the market after the holiday . In view of the low inventory and price increase of steel billet, Insiders deem that the price is likely to increase next month .