Monthly Section Steel and Steel Pipe Market Report Aug 2022
2022-09-12 14:57:04 【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 continued running slowly during the month, amid narrow price change. The demand from downstream industries remained insufficient as the high temperature and electricity shortage slowed down the operation of downstream projects. Reporting poor sales, steel mills had to move down prices in succession. Discouraged by the downward price trend, traders remained inactive in supplementing inventories. End users strictly purchased according to orders for final products and refused to build stocks. Besides, the further interest rate rise signal from the USA also weakened market participants' confidence to some extent.
The domestic section steel and steel pipe market continued running slowly during the month, amid narrow price change. The demand from downstream industries remained insufficient as the high temperature and electricity shortage slowed down the operation of downstream projects. Reporting poor sales, steel mills had to move down prices in succession. Discouraged by the downward price trend, traders remained inactive in supplementing inventories. End users strictly purchased according to orders for final products and refused to build stocks. Besides, the further interest rate rise signal from the USA also weakened market participants' confidence to some extent.
