Overview: May marked the transition from peak season to off-season. Post-holiday demand briefly increased after May Day but weakened significantly in mid-to-late May as market activity declined. Mills...
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...
As China’s seamless pipe market grapples with persistent oversupply and weakening seasonal demand, prices are poised for a volatile Q2. With the monsoon season threatening to derail southern demand a...
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...
OverviewChina’s seamless pipe exports reached a record high of 5.7211 million tons in 2024, marking a 1% year-on-year (YoY) increase. Despite escalating global trade tensions and tariff uncertainties...
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...
As the traditional "Golden March, Silver April" season fades with underwhelming demand, Northwest China’s seamless pipe market faces muted momentum heading into May. Despite modest cost sup...
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