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China's Section Steel Market Outlook in March

China's Section Steel Market Outlook in March
Mar 07, 2024 page view:226

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From the perspective of supply and demand of section steel, on the one hand, engineering projects across the country are gradually resuming work, and the demand for section steel will also increase. This positive factor will provide certain support for the price operation in March; on the other hand, the supply of section steel has basically returned to normal. Current survey feedback shows that long-process steel mills only have individual rolling lines or maintenance plans, and others at least maintain normal supply, so pressure on the supply of section steel still exists.

From the perspective of news and sentiment, on the one hand, with the two sessions held, policy news and expected changes may trigger market fluctuations, resulting in price changes; on the other hand, the factor of market speculation cannot be ignored. As the weather gets warmer and terminals resume work, speculation on expected improvement in demand will also have a positive impact on prices.

To sum up, it is expected that steel prices will be stable to strong in March.

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