Monthly Section Steel and Steel Pipe Market Report Feb 2024
2024-03-12 09:37:16 【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 section steel and steel pipe market performed inactively during the month. Most participants retreated from the market in the first week of the month for the Chinese New Year holiday, though they returned to the market in succession after the holiday, the demand from downstream industries remained soft with the low operation rates of projects. Besides, the downward price trend of raw materials weakened the purchasing activities of end users to a large extent. Facing the rising inventories and the poor sales performance, both steel mills and traders showed little confidence in the market prospect and endeavored to conclude deals to avoid potential risks. Meanwhile, the absence of stimulant policies heightened the pessimistic atmosphere in the market.
The domestic section steel and steel pipe market performed inactively during the month. Most participants retreated from the market in the first week of the month for the Chinese New Year holiday, though they returned to the market in succession after the holiday, the demand from downstream industries remained soft with the low operation rates of projects. Besides, the downward price trend of raw materials weakened the purchasing activities of end users to a large extent. Facing the rising inventories and the poor sales performance, both steel mills and traders showed little confidence in the market prospect and endeavored to conclude deals to avoid potential risks. Meanwhile, the absence of stimulant policies heightened the pessimistic atmosphere in the market.
