It was initially estimated that the severe COVID-19 pandemic, the rainy season, and the price competition for imported Chinese HRC might affect the order-taking situation. However, export orders from local downstream producers to Europe and North America were booming. FHS has ensured short delivery and stable quality, so it has achieved success.
In addition, market participants believe that Asian steelmakers still maintain high prices, so the current market trend still remains strong in the second half of the year.
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