July 2012 | Seamless Steel Tube & Pipe
Global economic uncertainty weighs on seamless demand and prices: Latest Analysis
Price deterioration in the global longs and semi products markets this month is expected to lower production costs for seamless tube and pipes producers in Europe, MENA and CIS, causing a downward revision in prices.
In the USA, the seamless markets outperformed the welded this month, although, demand and prices for both types exhibited noticeable declines. The US energy market, which stands as one of the strongest sectors in the US economy, began to show some signs of weakness. Similarly, a surge in imports and increased domestic capacity has taken support...
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