Overview: Raw material prices diverged this week, with Shandong billet costs rising and further squeezing profits at billet-processing mills. Mill inventories continued accumulating, while orders for ...
Market OverviewThis week saw further declines in raw material costs and weaker market transactions. Pipe mills in Shandong reported thin profits and rising inventories, signaling growing supply-demand...
I. Macro Updates1. Domestic DevelopmentsDeposit Rate Cuts:Major Chinese banks, including Bank of China, ICBC, and China Construction Bank, announced reductions in RMB deposit rates on May 20–21. One-...
OverviewSteel and pipe billet prices declined this week amid slowing transactions, as rainy weather in southern China disrupted construction activity. Shandong mills faced shrinking profits and rising...
Overview：Steel and pipe billet prices rose this week, but transaction growth slowed. Shandong mills saw slight profit improvements and inventory reductions, though demand remains muted. By May 16, the nat...
Overview Post-holiday steel billet and pipe billet prices rose initially but later dipped, with partial market gains offset by slow construction activity due to seasonal rains. Weak futures and rising...
As April’s tepid demand and rising factory inventories weigh on the market, China’s seamless pipe sector braces for a challenging May. Despite marginal profit improvements and resilient exports, wea...
OverviewSteel futures fluctuated this week amid muted trading activity and cautious sentiment. Key data for the five major steel products:Supply: 8.7584 million tons (+0.4% WoW).Total Inventory: 15.34...
This week, global and domestic economic dynamics continued to influence China’s steel market. Overseas, the European Central Bank cut interest rates by 25 basis points, while U.S. jobless claims rema...
OverviewSteel futures rebounded this week as markets digested macro developments. Globally, the U.S. paused tariffs on select nations (Nasdaq +12%), while China hiked tariffs on U.S. goods to 125%. U....
OverviewThis week, steel futures fluctuated at low levels, while raw materials showed relative strength. Market activity remained subdued, with traders adopting a cautious stance. Globally, the U.S. P...
en 
