The Price of Iron Affect The Steel Pipe

Platts reported that 62% of the iron content in the Australian iron ore has down 12.5%. On Monday, the price dropped to the lowest in last five months, nearly $123/ton.
As the iron is the raw material of making steel pipes,automobiles and washing machines and other daily commodities, the price of iron ore is essential on the global economy.meanwhile,the iron ore is also the main source of income for world's major mining companies: BHP Billiton, CVRD, Rio Tinto; manufacturer Thyssen Krupp, Arcelor Mittal and Posco.
China Zhonghai Steel Pipe is producing carbon steel pipe,seamless steel pipe,API 5L steel pipe,ASTM A106 GR.B seamless pipe,steel pipes and fittings,it has 15 years history in exporting steel pipes.

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