Monthly Section Steel and Steel Pipe Market Report Feb 2024

1. Market Highlights

The domestic section steel and steel pipe market performed inactively during the month. Most participants retreated from the market in the first week of the month for the Chinese New Year holiday, though they returned to the market in succession after the holiday, the demand from downstream industries remained soft with the low operation rates of projects.Asian Metal Copyright Facing the rising inventories and the poor sales performance, both steel mills and traders showed little confidence in the market prospect and endeavored to conclude deals to avoid potential risks.Asian Metal Copyright Besides, the downward price trend of raw materials weakened the purchasing activities of end users to a large extent.Asian Metal Copyright Most participants retreated from the market in the first week of the month for the Chinese New Year holiday, though they returned to the market in succession after the holiday, the demand from downstream industries remained soft with the low operation rates of projects.Asian Metal Copyright Facing the rising inventories and the poor sales performance, both steel mills and traders showed little confidence in the market prospect and endeavored to conclude deals to avoid potential risks.Asian Metal Copyright Meanwhile, the absence of stimulant policies heightened the pessimistic atmosphere in the market.Asian Metal Copyright Meanwhile, the absence of stimulant policies heightened the pessimistic atmosphere in the market.

.Asian Metal Copyright Meanwhile, the absence of stimulant policies heightened the pessimistic atmosphere in the marketAsian Metal Copyright