Square and rectangular tube

June brought a sweltering heat, and so did the square tube industry. Before we knew it, June had come to an end, and the anticipated July has begun. How is the square tube industry shaping up in July? There's much to look forward to, as we await the market trends for the square tube industry in July.

Most operators believe the overall trend is stable with a slight upward trend, but periodic fluctuations in the market may still occur, but they will not experience drastic rises and falls. This is specifically reflected in the following aspects:

1. Changes in the supply side of the square tube market. In May, China's daily crude steel production was 2.2742 million tons, down 1.72% month-on-month; in the first ten days of June, the daily crude steel production of the steelmaking enterprises of the China Iron and Steel Association members was 1.7416 million tons, down 2.03% month-on-month. This indicates that after the crude steel capacity release reached a historical high in April, there has been a slowdown in May and June. Currently, several factors will still制约 the subsequent capacity release:

One, the supply-side reform efforts are intensifying, with regions implementing capacity reduction policies strictly; two, major events like the Tangshan World Exposition and the Hangzhou G20 Summit have imposed environmental protection production restrictions; three, most long steel companies are still incurring losses, with some increasing sheet production and reducing long steel output; four, traditional consumption off-seasons have seen a low order volume. It is reported that steel mills are adjusting their product production structures, with some reducing rebar production and increasing hot rolled coil output; others increasing coil production and reducing rebar output; and still others increasing export volumes while reducing domestic allocations.