Domestic imported alloy steel pipe market prices remain weak. Looking back at this week, the futures for steel rebar have plunged further, spot prices have continued to fall, sales have not expanded, and merchants are in a poor mood. From the trend of the market, the situation is similar across the country: in the north, the market continues to decline, with steel mills following suit; in the south, expectations are relatively pessimistic, and prices have fallen sharply. Both north and south markets have weakened together, and the sales pressure of steel mills has become apparent. Overall, raw material prices are weak, production costs are falling; demand is insufficient, and manufacturers are reducing inventory to relieve pressure. From an 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 in China increased, and the monthly growth rate was over two 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 strong production capacity largely depends on the domestic market. 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 the inventory increased both on a monthly and year-on-year basis, indicating that manufacturers have encountered resistance in reducing inventory. 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破record-high of imported iron ore prices, the support from cost ends is continuously weakening, which also creates favorable conditions for steel mills to accelerate the reduction of inventory. After an oversold market, short-term prices have slightly rebounded, and trading atmosphere is gradually active, with market transactions expanding. Due to reasons such as transportation difficulties, demand has not been fully released. The futures market is trending stronger, boosting positive market sentiment. Today, the black series futures slightly fluctuated upwards, with trading enthusiasm increasing, and the overall market for imported alloy steel pipes has traded well. Affected by the shutdown and production reduction of steel mills, merchants have little inventory pressure and a stable mood. In November, steel mill resources are in short supply, and the later inventory pressure is not significant. In terms of sentiment, the futures market is trending stronger, boosting positive market sentiment. It is expected that the domestic premium steel market prices will mainly remain weak tomorrow.