Monthly Section Steel and Steel Pipe Market Report Mar 2024

1. Market Highlights

The domestic section steel and steel pipe market performance improved a little during the month, but remained far from satisfactory. The demand from downstream industries kept soft with the low operating rates of downstream projects.Asian Metal Copyright .Asian Metal Copyright Besides, end users remained cautious about purchasing seeing the downward price trend.Asian Metal Copyright1.Asian Metal Copyright In addition, most of them reported insufficient orders for final products and thus were inactive in production.Asian Metal Copyright In addition, most of them reported insufficient orders for final products and thus were inactive in production.Asian Metal Copyright As prices of raw materials went down continuously, the cost support for finished steel weakened.Asian Metal Copyright Reporting profits, steel mills turned to active in production late this month after the production cut in the first half of the month.Asian Metal Copyright Reporting profits, steel mills turned to active in production late this month after the production cut in the first half of the month.Asian Metal Copyright Market Highlights The domestic section steel and steel pipe market performance improved a little during the month, but remained far from satisfactory.Asian Metal Copyright Discouraged by the poor sales performance, both steel mills and traders showed little confidence in the market prospect.

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