China's steel pipe exports fell

From: Yieh Corp
publisher: kylie
Time: 2017-09-14
Summary: China's Steel Pipe Exports fell
In the first half of 2017, the number of steel pipe exports in China was 4,139,400 tons, down by 8.5% compared with the same period of last year. Among them, the welded pipe exports totaled 216.27 million tons, down by 6.7% compared with the same period of last year, was the first decline since 2014; that of seamless pipe exports totaled 197.66 million tons, down by 10.4% compared with the same period of last year.

The main reason for the decline in exports in the first half of this year was due to China's steel prices rose sharply. From the current steel market situation, the fourth quarter of China's steel prices may be under pressure. 

After research and evaluation, the second half of 2017, China's steel supply and demand pressure will be slightly larger than the first half. It is expected that the pipe exports will stable in the second half of the year.

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