Domestic prices hit bottom

摘要

In May, domestic prices for HR sheets have dropped by 5-8% due to a decrease in the global HR coil prices in April and a pressure from foreign suppliers. An upward price trend occurred in the global market for HR coils in May. June output have risen in price by $25-30/t, to $720/t FOB Black Sea, which has made the difference between them and domestic prices shorter. Yet, Metal Expert believes this growth will not last long, as it is secured by the necessity for the traders to replenish their stocks, but not by stronger buying activity of end consumers.