SHANGHAI, Mar 2 (SMM) - The price spread between cold and hot-rolled products widened slightly in January, mainly because the prices of HRC fell after hitting high. After the price fluctuation gradually eased, the price spread gradually recovered. In the follow-up stage, according to SMM research, domestic demand for HRC and CRC in January and February was acceptable. But the increasing overseas demand significantly relieve the sales pressure of CRC. In addition, the recovery of manufacturing demand post the Chinese New Year holiday was better than that of the construction industry. It is expected that the price spread between cold and hot-rolled products will still expand sligthly in February.
Recovery of Manufacturing Industry Accelerated in February and Price Spread Between CRC and HRC Continued to Expand
The price spread between cold and hot-rolled products widened slightly in January, mainly because the prices of HRC fell after hitting high.
Declaración de Fuente de Datos: Excepto la información disponible públicamente, todos los demás datos son procesados por SMM basándose en información pública, comunicación de mercado y confiando en el modelo de base de datos interna de SMM. Son solo para referencia y no constituyen recomendaciones para la toma de decisiones.
Para cualquier consulta o para obtener más información, por favor contacte: lemonzhao@smm.cn
Para más información sobre cómo acceder a nuestros informes de investigación, contacte con:service.en@smm.cn