Monthly Section Steel & Steel Pipe Market Report Feb 2020

1. Market Highlights

The domestic section steel and steel pipe market performed stagnantly during the month. Most end users did not return to the market in the first two weeks of the month.Asian Metal Copyright Facing increased capital and stock pressures, traders showed little confidence in the market prospect and were eager to withdraw capitals.Asian Metal Copyright Though they come back to the market in succession late this month, they were in low purchasing activities seeing the downward price trend as well as the unpromising market prospect dragged by the outbreak of COVID-19.Asian Metal Copyright Facing increased capital and stock pressures, traders showed little confidence in the market prospect and were eager to withdraw capitals.Asian Metal Copyright Meanwhile, logistics and warehouses were almost halted due to the COVID-19.Asian Metal Copyright .Asian Metal Copyright Reporting higher stocks and lower profits and even losses, producers either slowed down production or postponed resumption.Asian Metal Copyright Most end users did not return to the market in the first two weeks of the month.Asian Metal Copyright Facing increased capital and stock pressures, traders showed little confidence in the market prospect and were eager to withdraw capitals.Asian Metal Copyright Meanwhile, logistics and warehouses were almost halted due to the COVID-19.Asian Metal Copyright In the meantime, sharp price declines of raw materials such as tubing blank and steel billet also weakened participants' confidence in the market outlook.

.Asian Metal Copyright Though they come back to the market in succession late this month, they were in low purchasing activities seeing the downward price trend as well as the unpromising market prospect dragged by the outbreak of COVID-19Asian Metal Copyright