Welded knotted objects are a combinatorial extension of knot theory, which can be used as a tool for studying ribbon surfaces in $4$-space. A finite type invariant theory for ribbon knotted surfaces was developed by Kanenobu, Habiro and Shima, and this paper proposes a study of these invariants, using welded objects. Specifically, we study welded string links up to $w_k$-equivalence, which is an equivalence relation introduced by Yasuhara and the second author in connection with finite type theory. In low degrees, we show that this relation characterizes the information contained by finite type invariants. We also study the algebraic structure of welded string links up to $w_k$-equivalence. All results have direct corollaries for ribbon knotted surfaces.
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