Seamless Steel Pipe

Last year's second half saw an average of around 3.5 million tons of net steel exports per month in our country. However, starting from June and July this year, there has been a significant decline in steel exports and a marked increase in imports. In the second half, the net export volume of steel products in our country was at least 3 million tons less per month than the same period last year, increasing the pressure on domestic resources. At the same time, with over 7 million tons more produced each month, it equates to an additional 10 million tons of supply compared to the same period last year, and the growth rate can indeed be considered very fast. The inventory of building materials is now 30% higher than last year, while sheet and strip materials are roughly on par with last year. Shandong Cold Drawn Precision Q345b Special Steel Pipe Factory|Hexagonal Tube FactoryBuilding materials have clearly shown an oversupply situation since June. Normally, inventory should decline rapidly by the end of August. If the inventory does not decrease quickly in the next 2-3 weeks, the market's previous expectations for demand will be dashed, leading to a shift in everyone's mindset, which will be reflected in both upstream and spot markets. The demand for sheet materials is still good, but the uncertainty in the building materials sector is significant. The industry needs investment to absorb the current production of steel, including inventory.