Reportedly, China's Lingyuan Steel & Steel announced the new price policy of steel pipes for domestic market on December 16th, 2011.
The company decided to cut the prices of welded pipe, steel pipe and hot rolled steel pipe by RMB30/ton averagely. lso, it decided to decline the prices of deformed steel bar by RMB60/ton.
The above prices include tax and will become effective from December 6th, 2011.