Seamless Pipe Market Report May 2013

Although prices of raw materials like iron ore, steel billet and tubing blank dropped sharply this month, those of seamless pipe just witnessed a small markdown of RMB50-110/t since traders were reluctant to lower quotations seeing the thin profits.Asian Metal Copyright3 percent rise in the number of steel makers reporting a loss, or 39.Asian Metal Copyright Besides, statistics from China Iron & Steel Association (CISA) showed that China's steel industry made RMB153 million ($24.Asian Metal Copyright Besides, statistics from China Iron Steel Association CISA showed that China's steel industry made RMB153 million $24.Asian Metal Copyright72 million) in profits in April, which marked a fourth monthly decline.Asian Metal CopyrightAlthough prices of raw materials like iron ore, steel billet and tubing blank dropped sharply this month, those of seamless pipe just witnessed a small markdown of RMB50-110t since traders were reluctant to lower quotations seeing the thin profits.Asian Metal Copyright There was a 2.Asian Metal Copyright3 percent rise in the number of steel makers reporting a loss, or 39.Asian Metal Copyright3 percent rise in the number of steel makers reporting a loss, or 39.Asian Metal Copyright72 million in profits in April, which marked a fourth monthly decline.Asian Metal Copyright5 percent in total.Asian Metal Copyright3 percent rise in the number of steel makers reporting a loss, or 39.Asian Metal Copyright To avoid risks, mills were likely to start facility maintenances in the coming June and July, thus the market price is likely to stop going down supported by low supplies.
.Asian Metal CopyrightAlthough prices of raw materials like iron ore, steel billet and tubing blank dropped sharply this month, those of seamless pipe just witnessed a small markdown of RMB50-110t since traders were reluctant to lower quotations seeing the thin profitsAsian Metal Copyright