Seamless Pipe Market Report April 2014

Seamless pipe prices in China rose slightly during this month, supported by the price increases of raw materials, but the market performance showed no signs of recovering. Lacking any confidence in the market outlook, most traders were cautious about supplementing inventories.Asian Metal Copyright Insiders think the price is likely to fall slightly in May, dragged down by the weak demand from downstream industries, even though it is the traditional peak season.Asian Metal Copyright In addition, as banks restricted loans to steel enterprises, the whole industry faced serious capital shortages.Asian Metal Copyright Lacking any confidence in the market outlook, most traders were cautious about supplementing inventories.Asian Metal Copyright Insiders think the price is likely to fall slightly in May, dragged down by the weak demand from downstream industries, even though it is the traditional peak season.