With the heating season approaching, the start of maintenance of the pipes revived the hopes in the market in the short term.
There was a limited increase in China's seamless pipe market prices between 28 October and 3 November.
On November 3, the operating rates of the country's seamless pipe producers decreased by 0.67% compared to the previous week and were recorded at 55%.
In addition, the stocks of China's 46 main seamless pipe mills decreased by 2% compared to the previous week and stood at 771,000 tons.
Various incentive policies implemented by the Chinese government increase the confidence of the steel market.
Comments
No comment yet.