Section Steel Market Report August 2017
2017-09-06 14:49:30 【Print】
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Prices for section steel continued to on the upward trend during the month boosted by significant prices increases of raw materials
. Believing it is risky to build large inventories at such unreasonably high prices, traders were cautious about supplementing inventories and the overall market stock runs on a low level, which encourages traders to raise prices to some extent . Nevertheless, the rigid downstream demand remained unsatisfactory influenced by serious environmental protection policies and the market performed inactively . Considering prices for raw materials kept rising due to short supply, insiders foresee a further price increase of section steel in September.