Monthly Section Steel and Steel Pipe Market Report Aug 2021
2021-09-09 14:38:02 【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 of section steel and steel pipe fluctuated frequently in major Chinese domestic markets during the month, and the changes narrowed gradually. With positive expectation for the market prospect in the remainder of the year, both steel mills and traders were eager to raise prices. Besides, the market inventory kept decreasing due to the reduced supply. However, the price decline of raw materials such as iron ore and steel billet heightened downstream customers' wait-and-see attitudes. Reporting shrinking orders for final products, they remain inactive in purchasing.
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Prices of section steel and steel pipe fluctuated frequently in major Chinese domestic markets during the month, and the changes narrowed gradually. With positive expectation for the market prospect in the remainder of the year, both steel mills and traders were eager to raise prices. Besides, the market inventory kept decreasing due to the reduced supply. However, the price decline of raw materials such as iron ore and steel billet heightened downstream customers' wait-and-see attitudes. Reporting shrinking orders for final products, they remain inactive in purchasing.
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