Monthly Section Steel and Steel Pipe Market Report Dec 2022
2023-01-11 18:11:07 【Print】
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1. Market Highlights
The domestic section steel and steel pipe market ran slowly during the month. The demand from downstream industries shrank dragged by the cold weather as well as the approach of the year end. Besides, the huge infections of workers since early this month made the operation of downstream projects slow down, leading to the shrinking demand. Reporting insufficient orders for final products, end users kept cautious about purchasing and refused to build stocks. Nevertheless, prices of raw materials went up continuously, together with the stimulant policies from the central government, encouraging both steel mills and traders to lift prices.
The domestic section steel and steel pipe market ran slowly during the month. The demand from downstream industries shrank dragged by the cold weather as well as the approach of the year end. Besides, the huge infections of workers since early this month made the operation of downstream projects slow down, leading to the shrinking demand. Reporting insufficient orders for final products, end users kept cautious about purchasing and refused to build stocks. Nevertheless, prices of raw materials went up continuously, together with the stimulant policies from the central government, encouraging both steel mills and traders to lift prices.
