I Market Review
Steel products price saw both increase and decrease on Tuesday in East China, among which construction steel price declined by 10-30 yuan/t; medium plate and HRC price were stable except for 10-20 yuan/t increase in Shanghai and Wuxi markets; CRC and section steel decreased by 20-30 yuan/t. Specifically, Rebar of Shenyin Special Steel was priced at 3,440 yuan/t in Shanghai market; Rebar steel of Zenith Steel was priced at 3,420 yuan/t in Hangzhou market; HRC of Benxi Steel was priced at 3,210 yuan/t in Shanghai market; medium and heavy plate of Pingxiang Steel was priced at 3,580 yuan/t in Shanghai market; CRC of Ansteel was priced at 3,650-3,660 yuan/t in Shanghai market. After Qingming Festival, construction steel price decreased in some markets and the demand was generally weak. The decrement in market inventory was narrowed in the previous week. Traders continued to focus on selling for the worry about high inventory. more details, please subscribe SteelHome
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Trade Leads Directory -> All Trade Leads -> Base Metals & Articles -> Iron & Steel -> SteelHome Briefing (Apr. 8, 2020): Steel in East China
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