Monthly Section Steel & Steel Pipe Market Report Oct 2020
2020-11-11 08:21:00 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. Market Highlights
Generally speaking, the overall market performance of section steel and steel pipe during October showed signs of improving from that in September, amid participants' positive expectations for the market prospect. In the meantime, the overall market inventory kept decreasing and most traders were not burdened with any sales pressures. Prices soared right after the National Day holiday (October 1-8) following the sharp prices increase of raw materials, but they fell back gradually in the following two weeks of the month dragged by the dim market. Though the demand from downstream industries remained relatively sufficient, end users just purchased according to final products and refused to build stocks, with wait-and-see attitudes. Both producers and traders were eager to raise prices seeing the higher prices of raw materials.
Generally speaking, the overall market performance of section steel and steel pipe during October showed signs of improving from that in September, amid participants' positive expectations for the market prospect. In the meantime, the overall market inventory kept decreasing and most traders were not burdened with any sales pressures. Prices soared right after the National Day holiday (October 1-8) following the sharp prices increase of raw materials, but they fell back gradually in the following two weeks of the month dragged by the dim market. Though the demand from downstream industries remained relatively sufficient, end users just purchased according to final products and refused to build stocks, with wait-and-see attitudes. Both producers and traders were eager to raise prices seeing the higher prices of raw materials.
