Monthly Section Steel and Steel Pipe Market Report Jul 2022

1. Market Highlights

After the markdown of around RMB400/t (USD59/t) in June, prices of section steel and steel pipe edged down further by about RMB500/t (USD74/t) in major Chinese domestic markets during the month. The demand from downstream industries remained insufficient.Asian Metal Copyright .Asian Metal Copyright Besides, end users remained cautious about purchasing seeing the downward price trend.Asian Metal Copyright The demand from downstream industries remained insufficient.Asian Metal Copyright Though prices of raw materials rebounded late this month, they remained low and the cost support for finished steel weakened.Asian Metal Copyright Market Highlights After the markdown of around RMB400t USD59t in June, prices of section steel and steel pipe edged down further by about RMB500t USD74t in major Chinese domestic markets during the month.Asian Metal Copyright Reporting the poor sales performance, both steel mills and traders showed little confidence in the market prospect, and some steel mills halted production facing losses and sales pressures.Asian Metal Copyright Reporting the poor sales performance, both steel mills and traders showed little confidence in the market prospect, and some steel mills halted production facing losses and sales pressures.Asian Metal Copyright Traders kept inactive in supplementing inventories, adopting pessimistic attitudes towards the market prospect.

.Asian Metal Copyright Though prices of raw materials rebounded late this month, they remained low and the cost support for finished steel weakenedAsian Metal Copyright