SteelHome Express: Shanghai HRC Prices Edge Down
According to SteelHome survey, HRC prices generally decreases by 10 yuan/t in Shanghai market. Yesterday, the transactions were sparse. Some traders lower the transacting prices in August-end to ease its pressure on fund. It is learned that HRC inventory increases due to the sluggish transactions and increased volume of arrivals. SteelHome predicts that HRC market prices will continue to decline amid fluctuation.
Related link: Market price of Shanghai HR Coil on Aug 27,20(new)
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