Recently, China's export quotes of seamless steel pipe to Taiwan dropped slightly due to weak demand. It's known that the Chinese export quotes of seamless steel pipe with diameter 200 mm to 400mm to Taiwan are at TWD 35,000 per tonne to TWD 40,000 per tonne recently.
However, Taiwan's recent monthly import volumes of seamless steel pipes are less than 10,000 tonnes because of poor demand. For the prospect, dealers predicted that the demand would increase in the Q4 driven by the pipeline project of Formosa Petrochemical Corporation