Supply is expected to rebound month-on-month From January to October, the domestic crude steel output decreased by 0.7% or 6.18 million tons year-on-year. In November, the high-frequency indicators reflecting the steel supply showed a downward trend, so the probability of completing the annual reduction task of welded steel pipe in advance in No...

Over the whole year, the domestic epidemic prevention and control has been normalized, and the Chinese economy has maintained a good recovery trend, with strong external demand but weak endogenous driving force. In particular, the rapid decline of the construction industry GDP (22.8% year-on-year in the first quarter, 1.8% in the second quarter ...

For rebar, this year’s limited production policy and real estate regulation on its fundamentals caused a greater impact. October’s property data had the feel of an abyss: real estate fixed asset investment fell 14.8 per cent month-on-month and 5.4 per cent year-on-year; The floor space of new housing starts fell by 21% month-on-month...

Last year, the Chinese economy was affected by the demand contraction, supply shock and policy tightening. The growth momentum of consumption and investment weakened, and the steel demand of conduit pipe in housing construction and other fields showed an obvious stage decline. Under the background of weakening overall steel consumption momentum,...

In the face of the steel market “fire and ice” test, the steel industry actively respond, and strive to achieve stability. To ensure the balance of supply and demand of rectangular steel pipe in the market is the premise of stable benefits of the industry. For some time now, the steel industry has been rapidly adjusting the pace of p...