Prices to decrease in July

摘要

ArcelorMittal Temirtau cut welded pipe prices to Kazakh buyers by 3% in May due to weak end-user demand. The producer reduced feedstock quotes proportionally as well.HRC prices to Kazakh pipe mills will go down by 1-2% per month in June-July, Metal Expert forecasts. This is largely due to the unfavour?able situation in the export markets, as HRC quotes at Black Sea ports decreased by $30/t to $550-565/t FOB in May. Consumers will not accept higher prices for finished products amid a drop in feedstock quotes.