Monthly Section Steel & Steel Pipe Market Report Apr 2020

1. Market Highlights

Prices for section steel and steel pipe dropped sharply during the month, with the markdown of around RMB200/t (USD28/t) in major Chinese domestic markets. The weak downstream demand contributed to the significant price decline.Asian Metal Copyright The weak downstream demand contributed to the significant price decline.Asian Metal Copyright Reporting insufficient orders for finished products and not being confident the market prospect in view of the quick outbreak of the COVID-19 in other countries, end users only purchased from hand to mouth and refused to place orders, with wait-and-see attitudes.Asian Metal Copyright Market Highlights Prices for section steel and steel pipe dropped sharply during the month, with the markdown of around RMB200t USD28t in major Chinese domestic markets.Asian Metal Copyright Meanwhile, traders were inactive in supplementing inventories and eager to conclude deals to avoid potential risks.Asian Metal Copyright Market Highlights Prices for section steel and steel pipe dropped sharply during the month, with the markdown of around RMB200t USD28t in major Chinese domestic markets.Asian Metal Copyright In the meantime, steel mills for section steel produced fully, while those for steel pipe produced inactively.

.Asian Metal Copyright Reporting insufficient orders for finished products and not being confident the market prospect in view of the quick outbreak of the COVID-19 in other countries, end users only purchased from hand to mouth and refused to place orders, with wait-and-see attitudesAsian Metal Copyright