Steel Pipe Market Report June 2017
2017-07-04 18:04:28 【Print】
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Prices for steel pipe continued to go up in China during the month, mainly boosted by low stockpiles as well as prices soar of raw materials
. Facing environmental protection pressures, some tubing blank mills in Shandong province, the disturbing center failed to produce during the month, leading to short supply of tubing blank and thus boosted a price rise of seamless pipe . Nevertheless, the market ran as slowly as it did in May since the downstream demand remained insufficient influenced by continuous rains in the South and high temperature in the North . Holding low stockpiles at hand, traders adopted wait-and-see attitudes towards the market outlook and were eager to lift prices . Insiders foresee a further price rise in July.