Welded Pipe Market Report February 2014
2014-03-04 09:43:53 【Print】
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The Chinese domestic welded pipe market was still performing unsatisfactorily this month and prices in most regions witnessed a downward trend
. Since most participants came back from the long Spring Festival holiday after February 10th, the market was struggled to recover immediately . In addition, there was absence of positive policies for the steel industry . Though the government published new policies to reduce the productivity, the market could not make any immediate progress due to the serious oversupply . In addition, traders were facing pressure to withdrawing funds, so were eager to reduce stocks . Under such conditions, insiders predict that the welded pipe price is likely to go down further next month.