Section Steel Market Report June 2014

Section steel prices continued to fall this month due to lower raw material prices and downstream buyers’ non-committal purchasing attitudes. July and August are traditionally the off-season for the section steel industry, because of the hot and rainy weather.Asian Metal Copyright Under such conditions, it is difficult to see significant downstream demand being released.Asian Metal Copyright Under such conditions, it is difficult to see significant downstream demand being released.Asian Metal CopyrightSection steel prices continued to fall this month due to lower raw material prices and downstream buyers’ non-committal purchasing attitudes.Asian Metal Copyright However, the price of the raw material - iron ore - showed signs of rebounding at the end of this month.Asian Metal CopyrightSection steel prices continued to fall this month due to lower raw material prices and downstream buyers’ non-committal purchasing attitudes.Asian Metal Copyright Considering these factors, insiders believe that section steel prices will be unchanged next month.