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This week, the domestic steel market reflected classic off-season characteristics. Tangshan Ruifeng strip steel prices fluctuated within a narrow range, down 15–20 RMB/ton week-on-week, while some northern mainstream mills raised welded and galvanized pipe factory prices by 30 RMB/ton. In East China, mainstream city prices for welded and seamless steel pipes remained largely stable, whereas galvanized pipe prices dropped by 10–30 RMB/ton. Raw material billet prices trended downward, with Shandong and Jiangsu billets both falling by 20 RMB/ton. As the dog days of summer ("Dashu") set in, late-July market transactions slowed significantly with sparse inquiry orders. Despite strong cost support intentions from mills, actual downstream follow-through was weak as traders prioritized clearing inventory. Looking ahead, East China steel pipe prices are expected to remain in a narrow consolidation range.
1. Price Performance：Across mainstream cities in East China, prices for welded and seamless steel pipes operated with a weak and stable trend, while galvanized pipe prices saw minor corrections. Specifically, galvanized pipe prices in Shanghai fell by 10 RMB/ton week-on-week, Nanjing declined by 20 RMB/ton, and Hangzhou decreased by 30 RMB/ton.
2. Market Dynamics by Product Category
Welded and Galvanized Pipes: Market transactions remained cool due to high summer temperatures limiting construction activity. Although upstream strip prices dropped slightly and a few northern mills attempted to raise prices by 30 RMB/ton, local traders focused mainly on maintaining shipments rather than following hikes. Mill production for welded pipes continued a slight upward trend, causing factory inventories to shift from de-stocking to accumulation, capping short-term price upside.
Seamless Steel Pipes: Raw material billet prices experienced narrow fluctuations, with both Shandong and Jiangsu billets dropping 20 RMB/ton week-on-week. Mainstream seamless pipe mills in East China lowered factory-gate prices by 50 RMB/ton. Meanwhile, spot prices in major East China hubs (Shanghai, Nanjing, and Hangzhou) remained temporarily flat. National sample production for [seamless steel pipes] continued to record minor growth, with factory inventories building up further. Weak order intake during the off-season pushed market prices slightly downward.
1. Supply and Demand Fundamentals：Sample production volumes for both welded and seamless steel pipes continued to edge higher week-on-week, while factory inventories accumulated modestly. The steel market persists in a "rising supply, weak demand" pattern, intensifying fundamental pressure and keeping inventory burdens high for manufacturers.
2. Demand and Buyer Impact：Market demand throughout July remained generally sluggish, preventing prices from gaining upward momentum. Transaction volumes for welded, galvanized, and seamless steel pipes continued to underperform. For international buyers, this domestic slack presents a strategic window to optimize sourcing costs and secure favorable pricing terms for upcoming projects.
3. Market Sentiment：With persistent demand fatigue this month, regional traders have adopted a fast-in, fast-out operational approach, handling the off-season with high caution.
Conclusion：In summary, East China's steel pipe market is projected to experience weak consolidation in the coming week. By leveraging these current market adjustments and our reliable supply chain solutions, you can protect your budgets and ensure your global projects receive top-tier [seamless steel pipes] and [galvanized steel pipes] with maximum efficiency.
