Monthly Section Steel and Steel Pipe Market Report Jun 2022

1. Market Highlights

After the decline of RMB100-300/t (USDD15-45/t) in May, prices of section steel and steel pipe decreased further by around RMB400/t (USD60/t) during the month. To specify, they rose slightly in the first half of the month with the expectation for the improving demand with the lockdown lift in Shanghai, and went down in the second half of the month due to the sluggish demand.Asian Metal Copyright To specify, they rose slightly in the first half of the month with the expectation for the improving demand with the lockdown lift in Shanghai, and went down in the second half of the month due to the sluggish demand.Asian Metal Copyright Reporting poor sales performance, both steel mills and traders showed little confidence in the market and worried about another price drop.Asian Metal Copyright .Asian Metal Copyright In the meantime, prices of raw materials kept decreasing, weakening market participants' confidence to some extent.Asian Metal Copyright To specify, they rose slightly in the first half of the month with the expectation for the improving demand with the lockdown lift in Shanghai, and went down in the second half of the month due to the sluggish demand.Asian Metal Copyright End users remained cautious about purchasing discouraged by the downward price trend.Asian Metal Copyright End users remained cautious about purchasing discouraged by the downward price trend.Asian Metal Copyright Besides, they reported shrinking orders for final products.


.Asian Metal Copyright To specify, they rose slightly in the first half of the month with the expectation for the improving demand with the lockdown lift in Shanghai, and went down in the second half of the month due to the sluggish demandAsian Metal Copyright