With the continuous structural reform of the supply side, the steel industry related metal products industry, including the steel pipe industry, has been brewing a good trend recently, but the real turning point of the relevant industries has not yet come. According to statistics, after nearly a decade of development, China's steel pipe industry has been continuously optimized and upgraded in terms of product structure, quality level, technical equipment and so on. It has become a veritable world steel pipe manufacturing powerhouse and is now making its stride in the world's steel pipe industry. However, the staged contradictions and structural contradictions in the development of China's steel pipe industry have emerged as a "bottleneck" that hinders the sustainable, healthy and stable development of the steel pipe industry. The depth adjustment of the steel pipe industry is still under way.
At present, the development of China's steel pipe industry overcapacity, the decline in corporate profits, cost pressures, rising financial risks and environmental constraints and other constraints are gradually increasing, the deeper contradictions and structural contradictions become more prominent.
It is reported that during the "12th Five-Year Plan", China's steel pipe output increased from 56.73 million tons to 98.27 million tons, with an average annual growth rate of 11.61%. Among them, the seamless steel pipe production increased from 24.17 million tons to 28.58 million tons with an average annual growth rate of 3.40%; welded steel pipe production increased from 32.56 million tons to 69.7 million tons with an average annual growth rate of 16.45%. Steel pipe market share of over 99.0%, of which seamless steel pipe reached 99.23%; welded steel pipe to 99.71%.
China's steel pipe industry for the oil and gas exploration, electricity, marine engineering and shipbuilding, construction, the three, machinery, automotive and other industries as well as the rapid development of the national economy has provided an important guarantee for raw materials. In the world, in 2015, China's steel pipe production was 98.27 million tons, an increase of 11% over the same period of last year. China's steel pipe production accounted for 58.5% of the world's total steel production. Among them, the global production of seamless steel pipe in 2015 was 41.44 million tons, down 14.6% from the same period of last year. The output of seamless steel pipe in China was 28.58 million tons, down 9% year on year, accounting for 69% of the world's seamless pipe production. In 2015, the global welded steel pipe production was 126.7 million tons, an increase of 6%. China's output was about 69.7 million tons, an increase of 21%. China's welded steel pipe production accounted for 55% of the world's welded steel pipe production.
However, as a big country in the steel pipe industry, China's steel pipe industry is a big short-board in the optimization and upgrading, with prominent structural contradictions in the industry. Some analysts pointed out that China's steel pipe industry has the following problems: First, the decline in market demand, overcapacity contradiction prominent; Second, the serious decline in industry benefits, especially the seamless steel pipe manufacturing enterprises; Third, unfair market conditions aggravate the vicious competition; Fourth Is not strong ability of independent innovation; Fifth, the need to further enhance the international competitiveness of the industry.
With the supply-side structural reform, "13th Five-Year Plan" and other land-based promotion, depth adjustment of the steel pipe industry has also been gradually rolled out. It is reported that the steel pipe industry in the "13th Five-Year" period, the steel production control less than 100 million tons, of which 28 million tons of seamless steel tubes, welded pipe 72 million tons less than the "13th Five-Year" period by promoting mergers and acquisitions to form 3-5 Group companies with internationally competitive steel pipe; major energy and environmental indicators to meet the national requirements of the green development of the steel industry in 2020 requirements, industrial dust, industrial wastewater discharge standards, industrial solid waste comprehensive utilization and hazardous waste safety Disposal rate of 100%; product quality and reliability of a substantial increase in the level of stability to achieve a number of key pipe varieties effectively supply. China's steel industry from big to strong development is steadily progressing.
Quality and efficiency are under pressure
Along with supply-side structural reform and deep integration in the industry, listed companies in the industry are also facing business adjustments, quality improvement and efficiency improvement. According to the statistics of Caihui Big Data Terminal, in general, many A-shares listed companies in the iron and steel industry have more steel pipe
related businesses. The steel pipe business owned by them is further optimized and upgraded with the reform in the steel industry. Some steel pipe products are mainly used as main camps The adjustment pressure facing the receiving company is relatively obvious.
Taking Yulong Stock as an example, the data show that the company is a comprehensive manufacturer specializing in the production of petroleum, natural gas, water transportation and large steel structure steel pipe and one of the largest privately-owned welded steel pipe manufacturing enterprises in China. Its main business is the production of welded steel pipe ,Sales. Company announcement shows that in the first half of 2017, the domestic steel pipe industry is still in the cycle of going to production. The product homogeneity is highly competitive and the profit margin is further squeezed. The price of raw materials in the upstream maintained at a higher price range. The rising frequency was relatively high, causing the prices of steel pipe products to be scrapped and the situation of destruction of orders to be aggravated. There was no obvious recovery in downstream demand, and the overall operation of the industry was weak.
In the first half of 2017, the domestic steel pipe market witnessed a negative growth. The output of welded steel pipes totaled 32.1520 million tons, down 6.74% over the same period of last year. In overseas market, the price advantage of export is gradually weakened due to the rapid rise of the prices of domestic steel pipe products. In addition, the anti-dumping of steel pipe in China in 2017 is still more severe. In the first half of 2009, the export volume of steel pipe decreased. In the first half of 2017, total steel pipe exports were 4.1528 million tons, a decrease of 7.76% from the same period of last year. The average export price of 923.21 US dollars / ton, an increase of 8.63%. Faced with the harsh market environment, Yulong Co., Ltd. consolidated and diverted part of the traditional pipeline assets and natural gas assets in 2016. On the one hand, it optimized and adjusted the Company's asset and liability structure and main business, and on the other hand, increased the Company's capital reserve.
Similarly, as a national high-tech enterprise specialized in the research, manufacture and sale of welded steel pipe
products, Jinzhou Pipeline, one of the large-scale galvanized steel pipe, spiral welded pipe and steel-plastic composite pipe suppliers in China, is also under pressure from the industry. Company announcement shows that in the first half of 2017, the domestic oil and gas pipeline construction is still in a period of slowdown, oil and gas pipeline project is still underdeveloped, the market demand is lower than expected, the pipeline industry is still facing greater pressure and challenges.