Monthly Section Steel & Steel Pipe Market Report Feb 2021

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.Asian Metal Copyright 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.Asian Metal Copyright 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.Asian Metal Copyright 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.Asian Metal Copyright 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.Asian Metal Copyright 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.Asian Metal Copyright In addition, the positive control of COVID-19 during the Spring Festival holiday strengthened market participants' confidence to some degree.


.Asian Metal Copyright Market Highlights The domestic section steel and steel pipe market performed inactively during the monthAsian Metal Copyright