Monthly Section Steel & Steel Pipe Market Report Mar 2020
2020-04-08 08:42:06 【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 showed signs of improving early this month boosted by the positive controlling signal of the COVID-19 in China, and traders were eager to raise prices. However, the market turned to dim again from the second week of the month with the worldwide outbreak of the COVID-19, amid the panic atmosphere in the market. Besides, sharp price declines in the futures markets both at home and abroad weakened confidence of spot market participants to some extent. Facing shrinking orders for finished products, end users failed to place large orders for section steel and steel pipe.
The domestic section steel and steel pipe market showed signs of improving early this month boosted by the positive controlling signal of the COVID-19 in China, and traders were eager to raise prices. However, the market turned to dim again from the second week of the month with the worldwide outbreak of the COVID-19, amid the panic atmosphere in the market. Besides, sharp price declines in the futures markets both at home and abroad weakened confidence of spot market participants to some extent. Facing shrinking orders for finished products, end users failed to place large orders for section steel and steel pipe.
