The stainless steel pipe market is very quiet

The stainless steel pipe market is very quiet, with a strong pessimistic atmosphere. Driven by negative factors, the current decline in the price of stainless steel pipes is difficult to stop. Before the Spring Festival, the downturn in the steel market is expected to not change. Affected by buying up and not buying down, manufacturing steel demand will hardly pick up. This week’s steel mills’ new price policy fell sharply. Among them, the new prices of Shaogang, Bayi Iron and Steel, Pingshan Iron and Steel, and Hegang were all reduced significantly, while the other steel mills’ reductions were relatively small. Only a few mills’ new prices remained flat. According to the preliminary statistics of the China Iron and Steel Association, the average daily crude steel output of key steel enterprises in the first half of this month was 1.784 million tons and the steel inventory of member steel companies. The volume was 13.637 million tons, an increase of 394,800 tons or 2.98% over the previous ten-day period. The data shows that the current inventory pressure of steel mills is also gradually increasing, which is also one of the reasons for forcing steel mills to lower prices. At present, the medium plate market is still in a weak downward trend. With the approach of the Spring Festival, steel mills are under greater repayment pressure, and the price of alloy plates has fallen sharply. Steel mills still have some profit margins. In addition, traders are willing to store winter storage. Not strong, steel mills are destocking, and prices will continue to decrease. In summary, it is expected that the new steel prices will continue to run weakly next week, ranging from 50-100 yuan/ton.