Steel Pipe Market Report February 2017
2017-03-02 09:36:22 【Print】
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Prices for steel pipe increased nationwide in China during the month, mainly boosted by rising raw materials’ prices as well as psychological factors
. However, the market performance remained as unsatisfactory as it was in January due to the weak downstream demand . On the one hand, February was the traditional off-season and the rigid demand was absent, while on the other hand, end users were scared of the sharp and continuous prices increases and postponed purchasing plans . In the meantime, the market inventory increased with the arrival of new materials . Insiders forecast a further price rise in the “Golden March”.