Monthly Section Steel and Steel Pipe Market Report Nov 2022
2022-12-12 14:16:36 【Print】
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1. Market Highlights
The domestic section steel and steel pipe market failed to improve during the month. Dragged by the slowed transportation due to the pandemic control, the market saw rare transactions. The demand from downstream industries remained insufficient. Besides, end users kept inactive in purchasing seeing the frequent price fluctuations. Nevertheless, both steel mills and traders remained eager to raise prices supported by the low stocks as well as the stimulant policies on the property market as well as the pandemic control late this month. Besides, prices of raw materials such as iron ore and steel billet rebounded, and the cost support strengthened.
The domestic section steel and steel pipe market failed to improve during the month. Dragged by the slowed transportation due to the pandemic control, the market saw rare transactions. The demand from downstream industries remained insufficient. Besides, end users kept inactive in purchasing seeing the frequent price fluctuations. Nevertheless, both steel mills and traders remained eager to raise prices supported by the low stocks as well as the stimulant policies on the property market as well as the pandemic control late this month. Besides, prices of raw materials such as iron ore and steel billet rebounded, and the cost support strengthened.
