Seamless Pipe Market Report June 2012
2012-07-03 09:08:05 【Print】
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Prices of seamless pipe went down slightly in China this month and the market performance continued to be unsatisfying
. Being unconfident of the coming market, traders endeavored to reduce stocks and refused to supplement them in large quantities . Besides, steel mills kept lowering ex-works prices. Therein, Ansteel moved down prices by RMB300/t and RMB50/t (VAT excluded) respectively on June 5 and 18. Besides, Baotou Steel decreased prices by RMB50/t (VAT included) on June 18, both heightening downstream customers’ cautious attitudes . Insiders do not think the price will rebound next month.