It's reported that the mainstream quotes of seamless steel pipes in Chinese Shanghai market decreased by RMB50/ton today.
At present, the quotes of seamless steel pipes in a dimension of 57 x 3.5mm produced in Wuxi decreased by RMB50/ton to RMB5,250/ton; that in a dimension of 108 x 4.5mm was down by RMB50/ton to RMB5,000/ton.
For the prospect, it's predicted that the seamless steel pipe market may experience the correction in the short term due to the uncertainty in steel market