Monthly Section Steel & Steel Pipe Market Report Feb 2021
2021-03-09 08:21:24 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
The domestic section steel and steel pipe market performed inactively during the month. End users retreated from the market in succession early this month for the Spring Festival holiday, and lots of them did not return to the market before the end of the month, leading to the shrinking demand. However, both steel mills and traders were eager to lift prices right after the holiday boosted by the significant price rise of raw materials such as iron ore and steel billet. Besides, the stimulant policy in overseas boosted the futures market to boom, which stimulated traders in the spot market to lift prices to some extent. In addition, the positive control of COVID-19 during the Spring Festival holiday strengthened market participants' confidence to some degree.
The domestic section steel and steel pipe market performed inactively during the month. End users retreated from the market in succession early this month for the Spring Festival holiday, and lots of them did not return to the market before the end of the month, leading to the shrinking demand. However, both steel mills and traders were eager to lift prices right after the holiday boosted by the significant price rise of raw materials such as iron ore and steel billet. Besides, the stimulant policy in overseas boosted the futures market to boom, which stimulated traders in the spot market to lift prices to some extent. In addition, the positive control of COVID-19 during the Spring Festival holiday strengthened market participants' confidence to some degree.
