Some short-supplied products have even shown a rebound after a sharp decline. The seamless steel tube market is poised to enter the traditional high-temperature off-season, with downstream demand expected to shrink. However, under slight stimulus, traders still hold a degree of hope for a "not dull off-season." Can the seamless steel tube market really create waves of growth with just slight stimulus?

As the inventory levels of key steel enterprises and social inventory seem to coincidentally approach, I believe this holds no implications, and compared to the high inventory period, this can only be considered a low inventory state. Moreover, recently, both at the central and local levels, there has been an increase in additional reinforcement on the basis of the current controlled production capacity. Furthermore, with continuous macroeconomic利好 emerging, it is a fact that social inventory is decreasing, and the expected release of demand may be a grand slam. It is possible that steel prices will exhibit a non-slump pattern during the off-season. However, this pattern is likely to debut in July, due to the upcoming Central Political Bureau economic situation analysis meeting at the end of the month.