Section Steel Market Report February 2017
2017-03-02 17:06:06 【Print】
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Prices for section steel soared nationwide in China during the month stimulated by rising raw materials’ prices as well as psychological factors
. Meanwhile, producers were eager to lift prices seeing continuous environmental protection policies . Nevertheless, the market performed as inactively as it did in January . On the one hand, February was the traditional off-season and the rigid demand for section steel was absent . On the other hand, end users were scared of the unreasonably high prices and either postponed purchasing plans or purchased according to urgent needs . In the meantime, the overall market stockpile increased obviously during the month with the arrival of new materials . Insiders deem the section steel price is likely to go up further in the “Golden March”.