Chinese HRC prices have risen steadily since last week after hitting its lowest point.
This is derived from combined factors. Firstly, HRC prices reached an abnormal level which was even lower than rebar’s prices. A call for raising the price is inevitable.
Secondly, government’s new financial policies and new investment plan announced have encouraged the market players. Thirdly, mills now are adopting strategies on price. They are reluctant to make a panic sale and give an insured price to buyers.
However, it may be too early to conclude an uptrend for HRC market, as there are many uncertain factors affecting prices.Source: Yieh.com
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Thursday, December 04, 2008
12:39 |
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