Prices have fallen to fresh lows this month with welded line-pipe andOCTG mills in China showing that they are willing to continue droppingprices even as financial losses on their output mount. ERW line-pipegrade API 5L B remains has dropped below what was considered an alltimelow of $500/tonne, to $460/tonne. At the same time, LSAW line-pipegrade API 5L X60 is also at an all-time low, passing below previous priceresistance at $650/tonne through the majority of the year so far, to $610/tonne this month.
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