January 2012 | Seamless Steel Tube & Pipe
Cautious start to 2012 as markets wait for direction: Latest Analysis
The Asian markets have been quiet in the run-up to the New Year holiday, suggesting that stocks are plentiful and buying activity will not resume until February.
Fears of a slowdown in the economic growth across Europe were heightened this month, as rumours of a credit rating downgrade for up to 11 countries in the euro area sent markets down. Nevertheless, seamless tubing prices in Europe are expected to remain relatively stable as the export market strengthens from the depreciation of...
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