Welded Pipe Market Report September 2014

During this month, welded pipe prices dropped significantly in China’s major cities due to weak downstream demand. At the same time, prices for most raw materials witnessed a downward trend.Asian Metal CopyrightDuring this month, welded pipe prices dropped significantly in China’s major cities due to weak downstream demand.Asian Metal Copyright Both steel mills and traders were struggling with financial pressures and lacked any confidence in the market.Asian Metal Copyright At the same time, prices for most raw materials witnessed a downward trend.Asian Metal Copyright Insiders predict that the market will struggle to make progress in October with the price for welded pipe likely to decrease further.