Export seamless pipe prices hold steady in China, domestic ones soften

摘要

China seamless pipes market continues to wind down ahead of the holidays. Local and foreign traders are mainly holding back on buying amidst slack demand from construction sector, which is forecast to rebound no sooner than in March. However, exporters have so far managed to keep their offers steady on costlier iron ore and semis (up $5-10/t and $5-8/t in a week respectively).