Section Steel Market Report January 2014
2014-02-10 14:42:50 【Print】
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Section steel prices in some markets showed a downward trend this month affected by the soft downstream demand as well as lower ex-works prices from prevailing section steel producers
. However, they continued to be stable in some regions supported by the low market inventory . The official Spring Festival holiday started at the end of January and will last for seven days . The total inventory of section steel in domestic markets will increase to some extent after the 7-day holiday as many traders are going to receive pre-ordered products during the holiday . However, downstream demand is likely to rebound gradually in the middle of February when most buyers come back . Considering these factors, insiders believe section steel prices will show a downward trend in the first half of February and then increase gradually.