Monthly Section Steel & Steel Pipe Market Report Nov 2019

1. Market Highlights

Though prices for other major steel products such as HRC and rebar rebounded obviously by around RMB200/t (USD28/t) during the month, those for section steel and steel pipe failed to follow suite, and they even decreased a little bit in certain regions. Supported by low stockpiles caused by slow delivery, traders were eager to raise prices.Asian Metal Copyright Market Highlights Though prices for other major steel products such as HRC and rebar rebounded obviously by around RMB200t USD28t during the month, those for section steel and steel pipe failed to follow suite, and they even decreased a little bit in certain regions.Asian Metal Copyright However, the demand from downstream industries continued to be weak, and end users tended to purchase according to orders for finished products rather than build large stockpiles, not being confident of the market prospect.Asian Metal Copyright Boosted by the upward price trend, most mills were in high production activities from the middle of the month, and the supply might increase obviously in December.Asian Metal Copyright Boosted by the upward price trend, most mills were in high production activities from the middle of the month, and the supply might increase obviously in December.

.Asian Metal Copyright Boosted by the upward price trend, most mills were in high production activities from the middle of the month, and the supply might increase obviously in DecemberAsian Metal Copyright