Domestic import alloy steel pipe market prices are running weakly. Looking back this week, the futures for steel rebar have dipped even lower, spot prices have continued to fall, sales have not expanded, and traders are in a bad mood. From the trend of the market, the situation across the country is similar: in the north, the market keeps declining, with steel mills following suit; in the south, the outlook is relatively pessimistic, and prices have dropped significantly. The north and south markets are both weakening together, and steel mills are facing increased sales pressure. Overall, raw material prices are weak, production costs are falling; demand is insufficient, and manufacturers are reducing inventory to alleviate pressure. From the industry perspective, due to insufficient economic recovery, the imbalance between supply and demand has intensified again: according to National Bureau of Statistics data, the daily output of crude steel, pig iron, and steel in September increased, with the monthly growth rate exceeding double digits. At the same time, the export volume of steel in September decreased significantly from the previous month, indicating that external demand is difficult to maintain rapid growth, and a large capacity depends more on the domestic market for consumption. According to the China Iron and Steel Association data, the daily output of crude steel and pig iron of key steel enterprises in mid-October decreased slightly from the previous month, while both inventory levels increased year-on-year, indicating that manufacturers are facing resistance in inventory reduction. Overall, under the trend of the market forcing steel mills to reduce production, the decline in demand for imported alloy steel pipes is more concerning. It is worth noting that with the breakthrough of imported iron ore prices, support at the cost end has continuously weakened, creating favorable conditions for steel mills to accelerate inventory reduction. The short-term market has overshot and slightly rebounded, with trading atmosphere gradually becoming active, but due to reasons such as insufficient transportation, demand is not fully released. The futures market is trending stronger, driving positive market sentiment. Today, the futures of the black series slightly oscillated upwards, with trading enthusiasm improving, and the overall trading of imported alloy steel pipes is acceptable. Affected by the maintenance and reduction in production of steel mills, traders' inventory pressure is not significant, and their mood is stable. The supply of steel mill resources in November is tight, and the inventory pressure in the later period will not be significant. In terms of sentiment, the futures market is trending stronger, driving positive market sentiment. It is expected that the domestic high-quality and special steel market prices will mainly run weakly tomorrow.