Monthly Section Steel and Steel Pipe Market Report Feb 2022
2022-03-10 14:24:11 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. Market Highlights
Prices of section steel and steel pipe went up in major Chinese domestic markets during the month boosted by the rising prices of raw materials as well as the worldwide tight supply and rising prices of energy. Both steel mills and traders remained eager to lift prices. Meanwhile, the overall market inventory remained low. However, the demand from downstream industries remained soft. Seeing the continuous price increase, end users tended to hold back from purchasing, with wait-and-see attitudes towards the market prospect. The market ran slowly.
Prices of section steel and steel pipe went up in major Chinese domestic markets during the month boosted by the rising prices of raw materials as well as the worldwide tight supply and rising prices of energy. Both steel mills and traders remained eager to lift prices. Meanwhile, the overall market inventory remained low. However, the demand from downstream industries remained soft. Seeing the continuous price increase, end users tended to hold back from purchasing, with wait-and-see attitudes towards the market prospect. The market ran slowly.
