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US' steel prices ready to rise, Taiwan's API manufacturers wait & see- The 21st China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
12/5/2019 管材展-鋼管展-steel tube expo-tube &pipe expo |
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Affected by the Sino-US trade war and sluggish demand of the US domestic market, Taiwanese API pipe suppliers had plummeted without orders available for two consecutive quarters.
However, due to the recent surge in domestic prices, once the price-up trend was stable, the oil drilling industry would actively begin purchasing, and it was expected to have a conclusion within near two weeks. Steel mills pointed out that the inventory of US customers was usually based on 3-3.5 months, but due to poor demand in the second half of the year, customers mostly pull higher inventory to 4.5-5 months.
Market participants said that since October, the US steel prices have risen, and the US local mills produced HRC have raised their prices by around US$88/ton in two waves, and the market price has gradually increased. 管材展-鋼管展-2020廣州國際管材及管材加工設備展－中國展出效果最好的管材展-巨浪展覽 - The
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exhibition, Guangzhou pipe expo, Guangzhou tube expo |
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