Monthly Section Steel and Steel Pipe Market Report May 2023
2023-06-12 14:35:19 【Print】
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1. Market Highlights
The domestic section steel and steel pipe market continued running slowly during the month, and prices went down in most regions. The decreasing prices of raw materials such as iron ore and steel billet weakened the confidence of market participants. Besides, the demand from downstream industries remained soft, and end users kept cautious about purchasing either dragged by the downward price trend or the insufficient orders, leading to an inactive market. Both steel mills and traders showed little confidence in the market and endeavored to close deals to avoid potential risks. Meanwhile, the market inventory kept decreasing.
The domestic section steel and steel pipe market continued running slowly during the month, and prices went down in most regions. The decreasing prices of raw materials such as iron ore and steel billet weakened the confidence of market participants. Besides, the demand from downstream industries remained soft, and end users kept cautious about purchasing either dragged by the downward price trend or the insufficient orders, leading to an inactive market. Both steel mills and traders showed little confidence in the market and endeavored to close deals to avoid potential risks. Meanwhile, the market inventory kept decreasing.
