Overview As China transitions from Grain in Ear to Autumn Commences, temperatures soar nationwide with increased rainfall. Southern regions enter the plum rain season while northern areas harvest whea...
Overview: Seamless pipe prices weakened further this week as major mills reduced prices to alleviate inventory pressure. Mill inventories continued rising, increasing production pressure, while trader...
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 ...
In the bustling factory warehouse of HXH STEEL, visiting customers are using micrometers to meticulously detect the thickness of steel coils point by point. From the coil edge to the center, each meas...
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...
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