Monthly Section Steel and Steel Pipe Market Report Mar 2024
2024-04-11 09:26:09 【Print】
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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 . Besides, end users remained cautious about purchasing seeing the downward price trend . In addition, most of them reported insufficient orders for final products and thus were inactive in production . As prices of raw materials went down continuously, the cost support for finished steel weakened . Reporting profits, steel mills turned to active in production late this month after the production cut in the first half of the month . Discouraged by the poor sales performance, both steel mills and traders showed little confidence in the market prospect.
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 . Besides, end users remained cautious about purchasing seeing the downward price trend . In addition, most of them reported insufficient orders for final products and thus were inactive in production . As prices of raw materials went down continuously, the cost support for finished steel weakened . Reporting profits, steel mills turned to active in production late this month after the production cut in the first half of the month . Discouraged by the poor sales performance, both steel mills and traders showed little confidence in the market prospect.