Welded Pipe Market Report May 2013

Prices of welded pipe decreased sharply this month as prices of raw materials such as steel billet and HR strip kept decreasing.Asian Metal Copyright The market transaction was flat, so traders were eager to make deals as many as possible.Asian Metal Copyright In addition, the demand from downstream customers was soft and customers held a wait-and-see attitude towards the coming market.Asian Metal Copyright There are few big mills with plan of major overhaul at present, thus it may need quite a long time to reduce the pressure of oversupply.Asian Metal Copyright The market transaction was flat, so traders were eager to make deals as many as possible.Asian Metal CopyrightPrices of welded pipe decreased sharply this month as prices of raw materials such as steel billet and HR strip kept decreasing.Asian Metal Copyright Since the government announced that there would be no positive news for the steel market and the market needed to recover by itself, participants were pessimistic about the coming market.Asian Metal Copyright Since the government announced that there would be no positive news for the steel market and the market needed to recover by itself, participants were pessimistic about the coming market.Asian Metal Copyright There are few big mills with plan of major overhaul at present, thus it may need quite a long time to reduce the pressure of oversupply.Asian Metal Copyright In addition, the demand from downstream customers was soft and customers held a wait-and-see attitude towards the coming market.Asian Metal Copyright In view of that, insiders think the price is likely to go down further next month but may fluctuate as it decreased too much this month.
.Asian Metal Copyright The market transaction was flat, so traders were eager to make deals as many as possibleAsian Metal Copyright