April 2012 | Seamless Steel Tube & Pipe
Supply concerns may weigh on markets in the second quarter: Latest Analysis
A slowdown in demand across China and eastern Asia had little effect on the seamless market, as mills convinced customers that a recovery in raw materials prices over the next few months would end the pricing lull.
Seamless tube and pipe mills in the USA faced weaker fundamentals in April, as prices slipped and mills announced price increases to stem the losses. The energy and manufacturing industries remain steady with shifts to oil drilling from dry natural gas wells favoring higher grades of seamless OCTG. Import competition and new capacity...
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