Section Steel Market Report January 2014

Section steel prices in some markets showed a downward trend this month affected by the soft downstream demand as well as lower ex-works prices from prevailing section steel producers.Asian Metal CopyrightSection steel prices in some markets showed a downward trend this month affected by the soft downstream demand as well as lower ex-works prices from prevailing section steel producers.Asian Metal Copyright However, they continued to be stable in some regions supported by the low market inventory.Asian Metal Copyright Considering these factors, insiders believe section steel prices will show a downward trend in the first half of February and then increase gradually.Asian Metal Copyright The official Spring Festival holiday started at the end of January and will last for seven days.Asian Metal Copyright However, downstream demand is likely to rebound gradually in the middle of February when most buyers come back.Asian Metal Copyright The total inventory of section steel in domestic markets will increase to some extent after the 7-day holiday as many traders are going to receive pre-ordered products during the holiday.Asian Metal Copyright The official Spring Festival holiday started at the end of January and will last for seven days.Asian Metal Copyright However, downstream demand is likely to rebound gradually in the middle of February when most buyers come back.Asian Metal Copyright However, downstream demand is likely to rebound gradually in the middle of February when most buyers come back.Asian Metal Copyright Considering these factors, insiders believe section steel prices will show a downward trend in the first half of February and then increase gradually.
.Asian Metal Copyright The total inventory of section steel in domestic markets will increase to some extent after the 7-day holiday as many traders are going to receive pre-ordered products during the holidayAsian Metal Copyright