December 2010 | Welded steel tube & pipe
Chinese producers raise prices as costs, currencies appreciate: Asia Market Analysis
Pipe producers have no other choice to raise prices where they can as costs dig into already thin margins.
This month, Chinese welded pipe makers continued to increase offer prices on export sales as costs rose through the month. The range in offer prices is narrowing as material made earlier with cheaper coil is no longer available. The top end of the range has not increased as quickly as the bottom end, indicating that the recovery in steel product pricing across the board is tenuous and producers are careful not to raise prices too quickly in order to stem marginal buying activity. Producers are offering material at around $750-$800/tonne FOB for API linepipe of 219 mm OD, 2-8 mm wall thickness, up from $725-$790 last month.
Pipe producers have no other choice to raise prices where they can as costs dig into already thin margins. Steel flat product prices continued to rise through the month as raw materials prices also strengthened over the same period. Scrap...
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