Steel Pipe Market Report July 2016

Prices for steel pipe soared in China’s domestic markets during the month, boosted by increasing raw material prices and traders’ eagerness, with the markup raging from RMB200/t (USD30/t) to RMB300/t (USD45/t).Asian Metal Copyright In the meantime, demand from downstream industries remained insufficient, influenced by the high temperatures and continuous rainfall, which meant the overall market performance was unsatisfactory.Asian Metal Copyright Faced with rising prices for blank tubing but insufficient orders, more and more seamless pipe producers halted production during the month and deliveries to the market were reduced.Asian Metal CopyrightPrices for steel pipe soared in China’s domestic markets during the month, boosted by increasing raw material prices and traders’ eagerness, with the markup raging from RMB200t USD30t to RMB300t USD45t.Asian Metal Copyright In the meantime, demand from downstream industries remained insufficient, influenced by the high temperatures and continuous rainfall, which meant the overall market performance was unsatisfactory.Asian Metal Copyright .Asian Metal Copyright Given that prices for other major steel products like HRC and rebar have shown a strong upward trend, insiders predict a further increase in steel pipe prices during August.

.Asian Metal Copyright Given that prices for other major steel products like HRC and rebar have shown a strong upward trend, insiders predict a further increase in steel pipe prices during AugustAsian Metal Copyright