Section Steel Market Report February 2013

Prices of section steel in major markets witnessed the upward trend this month due to higher ex-works prices of steel mills. For example, Laiwu Steel increased list prices twice this month, and the total mark-up was RMB170/t(VAT included).Asian Metal Copyright While, according to the experience in former years, the market performance is expected to get better in March, the traditional peak season for the steel market.Asian Metal Copyright However, the sales performance for most domestic traders was unsatisfying as demand from end industries kept insufficient.Asian Metal Copyright However, the sales performance for most domestic traders was unsatisfying as demand from end industries kept insufficient.Asian Metal Copyright And in some markets, prices of angle steel, channel steel and I-beam steel remained unchanged this month.Asian Metal Copyright And in some markets, prices of angle steel, channel steel and I-beam steel remained unchanged this month.Asian Metal Copyright While, according to the experience in former years, the market performance is expected to get better in March, the traditional peak season for the steel market.Asian Metal Copyright However, the sales performance for most domestic traders was unsatisfying as demand from end industries kept insufficient.Asian Metal Copyright Therefore, insiders believe prices will continue to go up next month.Asian Metal Copyright For example, Laiwu Steel increased list prices twice this month, and the total mark-up was RMB170tVAT included.Asian Metal Copyright