Monthly Section Steel and Steel Pipe Market Report Aug 2023
2023-09-12 14:26:36 【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
Generally speaking, the domestic section steel and steel pipe market continued to run slowly during the month, and prices went down in most regions. The demand from downstream industries remained soft. Besides, end users strictly purchased according to orders for final products, either dragged by the capital shortage or the shrinking profits. Reporting the poor sales performance, both steel mills and traders showed little confidence in the market prospect and endeavored to close deals. However, prices of raw materials fluctuated at the high level and the cost support for finished steel kept strong. Meanwhile, the series of stimulant policies on the property industry strengthened the confidence of market participants to some degree.
Generally speaking, the domestic section steel and steel pipe market continued to run slowly during the month, and prices went down in most regions. The demand from downstream industries remained soft. Besides, end users strictly purchased according to orders for final products, either dragged by the capital shortage or the shrinking profits. Reporting the poor sales performance, both steel mills and traders showed little confidence in the market prospect and endeavored to close deals. However, prices of raw materials fluctuated at the high level and the cost support for finished steel kept strong. Meanwhile, the series of stimulant policies on the property industry strengthened the confidence of market participants to some degree.
