Monthly Section Steel and Steel Pipe Market Report Apr 2024
2024-05-11 12:04:57 【Print】
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1. Market Highlights
The domestic section steel and steel pipe market performance improved a little during the month. The demand from downstream industries remained steady, but the purchasing activities of end users increased gradually. Prices of raw materials such as iron ore, coking coal and steel billet kept rebounding, strengthening the cost support for finished steel. Meanwhile, the central government released series of loosening control policies on property market, stimulating steel mills to lift prices of steel. Participants adopted wait-and-see attitude towards the market prospect.
The domestic section steel and steel pipe market performance improved a little during the month. The demand from downstream industries remained steady, but the purchasing activities of end users increased gradually. Prices of raw materials such as iron ore, coking coal and steel billet kept rebounding, strengthening the cost support for finished steel. Meanwhile, the central government released series of loosening control policies on property market, stimulating steel mills to lift prices of steel. Participants adopted wait-and-see attitude towards the market prospect.
