Section Steel Market Report July 2015

Section steel prices continued to go down in major Chinese cities this month due to the weak downstream demand. However, the price of the raw material, steel billets, showed signs of rebounding at the end of July.Asian Metal Copyright However, the price of the raw material, steel billets, showed signs of rebounding at the end of July.Asian Metal Copyright In addition, many steel mills in North China were required to reduce their output in August to ensure a better air quality for the military parade on 3 September in Beijing.Asian Metal CopyrightSection steel prices continued to go down in major Chinese cities this month due to the weak downstream demand.Asian Metal Copyright Taking these factors into consideration, insiders believe that section steel prices will increase to some extent in August.