Steel Pipe Market Report July 2017
2017-08-03 14:39:46 【Print】
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Prices for steel pipe increased again in major Chinese markets during the month, with the mark-up ranging RMB100-250/t (USD15-37/t), boosted by prices soars of raw materials as well as those in the steel futures market
. However, end users were scared of rapid prices increases and refused to place orders, for fear of a sudden falling back, leading to a slow market . Besides, traders also held cautiously optimistic attitudes towards the market prospect and reduced stockpiles to a safety level . Insiders think the steel pipe price is likely to go up further in August considering tight supply of raw materials caused by environmental protection inspection.