Seamless Pipe Market Report June 2013
2013-07-02 16:19:12 【Print】
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Prices of seamless pipe kept going down this month due to the poor market performance as well as sharp price decline of raw materials, with a markdown of RMB100-200/t
. Not being confident of the coming market, traders were not active in supplementing inventories and they held a wait-and-see attitude towards the coming market . Though the central government announced to complete the transformation of 3 . 04 million shanty towns within this year and around RMB300 billion would be invested, it failed to boost the steel market due to the oversupply . Insiders do not think the price of seamless pipe will rise in July.