Monthly Section Steel and Steel Pipe Market Report Nov 2023
2023-12-12 09:28:15 【Print】
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1. Market Highlights
The domestic section steel and steel pipe market performance improved a little this month following the upward price trend. As traders kept cautious about supplementing inventories, the market stock remained low. Besides, prices of raw materials continued rising, and the cost support for finished steel remained strong. In addition, series of stimulant policies from the central government strengthened the confidence of market participants. Nevertheless, the demand from downstream industries remained soft, and end users strictly purchased from hand to mouth.
The domestic section steel and steel pipe market performance improved a little this month following the upward price trend. As traders kept cautious about supplementing inventories, the market stock remained low. Besides, prices of raw materials continued rising, and the cost support for finished steel remained strong. In addition, series of stimulant policies from the central government strengthened the confidence of market participants. Nevertheless, the demand from downstream industries remained soft, and end users strictly purchased from hand to mouth.
