Monthly Flat Steel Market Report Oct 2023
2023-11-03 09:40:19 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
The domestic flat steel market ran slowly during the month. The confidence of market participants weakened this month discouraged by the soft demand from downstream industries. In September, most participants believed prices of flat steel lacked momentum to go up, but in October, they worried about continuous price declines. The downstream demand showed no signs of improving. Traders kept eager to promote sales to avoid potential risks. Reporting losses, steel mills slowed down production in succession. Leading producers such as Baowu Group, Ansteel and HBIS maintained flat steel EXW prices for November production flat. In the meantime, prices of raw materials fluctuated at the high level, and the cost support for finished steel remained strong.
In the meantime, the international flat steel market ran slowly during the month, and prices went down in most countries. The demand from downstream industries kept insufficient, and end users strictly purchased from hand to mouth.
The domestic flat steel market ran slowly during the month. The confidence of market participants weakened this month discouraged by the soft demand from downstream industries. In September, most participants believed prices of flat steel lacked momentum to go up, but in October, they worried about continuous price declines. The downstream demand showed no signs of improving. Traders kept eager to promote sales to avoid potential risks. Reporting losses, steel mills slowed down production in succession. Leading producers such as Baowu Group, Ansteel and HBIS maintained flat steel EXW prices for November production flat. In the meantime, prices of raw materials fluctuated at the high level, and the cost support for finished steel remained strong.
In the meantime, the international flat steel market ran slowly during the month, and prices went down in most countries. The demand from downstream industries kept insufficient, and end users strictly purchased from hand to mouth.
