Monthly Section Steel Market Report Sep 2018
2018-10-12 09:17:36 【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
Prices for section steel ran on different trends during the month, influenced by decreasing prices of steel billet but low stockpiles. Though September was the traditional peak season, the downstream demand remained insufficient and most end users only purchased according to urgent needs, with wait-and-see attitudes. Reporting limited sales volumes, traders were a little bit pessimistic about the market prospect and eager to reduce stockpiles to avoid potential risks. Considering the overall market inventory remains low, insiders think that the price for section steel is likely to go up slightly in October.
Prices for section steel ran on different trends during the month, influenced by decreasing prices of steel billet but low stockpiles. Though September was the traditional peak season, the downstream demand remained insufficient and most end users only purchased according to urgent needs, with wait-and-see attitudes. Reporting limited sales volumes, traders were a little bit pessimistic about the market prospect and eager to reduce stockpiles to avoid potential risks. Considering the overall market inventory remains low, insiders think that the price for section steel is likely to go up slightly in October.
