Monthly Strip Market Report Jan 2018
2018-02-01 09:35:33 【Print】
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HR strip prices in major markets of China went down further during this month mainly because of lower raw material costs and decrease in steel mills' list prices. Some steel mills could not keep the regular production affected by the environmental protection inspection. Having no confidence in the market outlook, traders were reluctant to build large stockpiles. Customers without urgent need for materials were expecting the price to drop further and refusing to place orders. As Chinese New Year is coming, insiders think the market will continue to be quiet in February.
