Section Steel Market Report March 2015
2015-04-01 17:28:41 【Print】
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The Chinese section steel market remained sluggish during March, with prices in some cities demonstrating a downward trend. Most end users only purchased in sufficient quantities to meet their urgent needs, so downstream demand showed no signs of releasing in March
. However, insiders believe downstream demand will gradually become stronger in April as the weather gets warmer . Moreover, the supply is likely to be tight next month as many steel mills will be required to shut down their furnaces to reduce air pollutants . As a result, insiders believe section steel prices will increase to some extent in April.