It is reported that China’s welded steel price was stable recently but the deal was still weak.
As per report, in Beijing market buyers held back as the price of raw material was still not clear. And price will be stable in short terms. Now the prevailing price of welded pipes with size of 1.5 to 4 inches was at CNY 3,900 per tonnes based on actual weight.
In Guangzhou market, the supply of big OD pipes was stable. But price for size of 4 and 6 was extremely high on short supply. The price for size of 6 * 2.5 millimeters was at CNY 4,650 per tonnes increased by CNY 100 per tonnes.
In Tianjing market, the current market price of welded steel pipes with size of 1.5 to 4 inches and 5 to 8 inches was at CNY 3,850 per tonnes and CNY 3,950 per tonnes respectively. And price of Lida’s galvanized steel pipes with size of 4 inches was at CNY 4,960 per tonnes.