( 06-06-2014 - 10:24 PM ) - Views: 1837

Accordingly, no welded steel pipe 20 # 219x6mm (GB / T 8163) by the factory in Shandong produce merchants offered on weekends and in the 4600-4650 yuan / ton (U.S. $ 740-748 / tons), including VAT 17%, down 50 yuan / ton compared with the previous week.

Accordingly, no welded steel pipe 20 # 219x6mm (GB / T 8163) by the factory in Shandong produce merchants offered on weekends and in the 4600-4650 yuan / ton (U.S. $ 740-748 / tons), including VAT 17%, down 50 yuan / ton compared with the previous week. 
In addition, the reduced purchasing power of the large factories in Shandong lower factory price 50-100 yuan / ton (U.S. $ 8-16 / t) from 01/03 is also the reason leading to reduced spot market prices . 
However, some market participants believe that prices still weld steel pipe will not reverse the situation to increase again due in March and 4 is the peak consumption season in China. 
Traders are also waiting for the round billet producers will announce price between March earlier this week to get a clearer view of market prospects.