Steel HRC prices improved across major geographies in the fourth quarter after declining significantly in the third quarter.
Currently, prices are higher by 11% in Russia & Europe, 7% and 6% higher in North America and China respectively.
However, on a sequential basis, prices have declined by 2% in Russia & remained flat in China.
According to Industry experts, “Current prices recovery was the result of restocking and production cuts rather than any improvement in underlying demand scenario”.
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