Monthly Section Steel Market Report Dec 2017
2018-01-09 09:17:46 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
Prices for section steel were a little bit chaotic during the month influenced by significant price decline of steel billet but the low inventory. Sharp and continuous prices decreases of rebar weakened section steel market participants' confidence in the market outlook to a large extent. Meanwhile, end users were inactive in placing orders seeing the downward price trend, leading to a slow market. Reporting unsatisfactory sales performances, traders were cautious about supplementing inventories. Considering the downstream demand is likely to shrink further in January influenced by the cold weather, insiders think the price for section steel may decrease again by then.
Prices for section steel were a little bit chaotic during the month influenced by significant price decline of steel billet but the low inventory. Sharp and continuous prices decreases of rebar weakened section steel market participants' confidence in the market outlook to a large extent. Meanwhile, end users were inactive in placing orders seeing the downward price trend, leading to a slow market. Reporting unsatisfactory sales performances, traders were cautious about supplementing inventories. Considering the downstream demand is likely to shrink further in January influenced by the cold weather, insiders think the price for section steel may decrease again by then.
