Even though most of the pipe distributors in Taiwan have complained about the weak market demand in domestic market, the rising raw material prices have still forced buyers to purchase for future stock recently.
It’s known that most of market participants predicted that China Steel Corp. and Chung Hung Steel, the two major upstream raw material suppliers to the steel pipe producers will increase the prices, which means steel pipe makers’ input costs would rise as well.
The rising raw material price has become the key reason for market buyers to purchase actively recently.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62435&division=A4
