Section Steel Market Report October 2011

Dragged by declining raw material prices and the weak demand from downstream customers, section steel prices in most Chinese markets fell dramatically all through this month.Asian Metal Copyright Though it was the so-called traditional peak season, “Silver October” performed sluggishly and disappointed most section steel traders.Asian Metal Copyright Though it was the so-called traditional peak season, “Silver October” performed sluggishly and disappointed most section steel traders.Asian Metal CopyrightDragged by declining raw material prices and the weak demand from downstream customers, section steel prices in most Chinese markets fell dramatically all through this month.Asian Metal Copyright Alongside the decreasing raw material price and slim demand, the tight capital flow also aggravated the situation of the market.Asian Metal Copyright Alongside the decreasing raw material price and slim demand, the tight capital flow also aggravated the situation of the market.Asian Metal Copyright Considering that the price has not fallen to the bottom yet, insiders believe it is likely to further move down next month and the market will remain sluggish as most traders are just holding a wait-and-see attitude towards the market.
.Asian Metal Copyright Though it was the so-called traditional peak season, “Silver October” performed sluggishly and disappointed most section steel tradersAsian Metal Copyright