Steel Pipe Market Report October 2016
2016-11-03 14:26:55 【Print】
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Prices for steel pipe increased sharply in most Chinese domestic markets during the month, mainly boosted by rising raw materials’ prices of raw materials and the short supply
. Asian Metal statistics showed that seamless pipe ex-works price witnessed a total markup of 16% in October, so that traders moved up prices in succession . Nevertheless, sharp and continuous prices increases heightened end users’ wait-and-see attitudes and they just purchased according to urgent needs, leading to a tranquil market, despite a nationwide price soar . Considering prices for raw materials keep rising sharply, insiders foresee a further price increase of steel pipe.