Section Steel Market Report November 2016

As steel billet prices totally increased by RMB600/t (USD86.47/t) in November, section steel prices soared; however, increasing ranges for section steel prices were less than steel billet’s, so some section steel producers faced the deficit, due to which section steel producers started to reduce the production, suspend the production and conduct the equipment maintenance in order to decrease the supply and raise prices in the market.Asian Metal CopyrightAs steel billet prices totally increased by RMB600t USD86.Asian Metal Copyright Affected by the production reduction from producers, stocks in the section steel market edged down in November compared with those last month; however, no improvement was seen in deals and producers largely stated that sales were very poor currently.Asian Metal Copyright .Asian Metal Copyright As raw material prices were still on the increase and production costs remained at high levels, Asian Metal anticipated that section steel prices will climb up in December.
.Asian Metal Copyright As raw material prices were still on the increase and production costs remained at high levels, Asian Metal anticipated that section steel prices will climb up in DecemberAsian Metal Copyright