Seamless steel pipefittings prices

Seamless steel pipefittings prices

     The seamless steel pipe prices yesterday, 7th March 2016, was increase 300 RMB per ton compare with the last week. The pipe prices had been increase 700 RMB per ton. The seamless pipe price trend may will keep increasing untill the Oct. 2016.  This is because in Tangshan city China, there will have a Tangshan International Horticultural Exposition 2016. So the market supply in a short period will be less. And at the same time, after the new year lots of projects is open so it is another important reason to promote the prices go up quickly. As the raw material of pipe fittings. The pipe fittings price is also increase. The increasing level is 20% to 30%. The increasing prices will open a new period of steel pipes. The prices down period is over. Hope the steel pipes are in a reasonable level and increasing not so rapidly. Market Observer Mike Jia.