China steel tubes welded round of raising prices after Tet

In Shanghai, electric resistance welded steel pipe ERW Q235 114x3.75mm production in Hebei offered at 5050-5100 yuan per ton (U.S. $ 767-774 per tonne), including 17% VAT, an increase of 150-200 yuan per ton from the previous week.

According to market fairly quiet, ability to maintain prices at this level after the new year as most traders will start to finalize the transaction status this weekend.

But raising prices will drive more sales after the New Year. Currently, the factory price offered at the manufacturer in Tangshan with ERW welded steel pipe is adjusted to 4780 114x3.75mm DNT per ton, which rose 150 yuan per ton from the previous week.