Large-diameter seamless steel pipe market competition will be more intense

The demand of the downstream industry is slowing down, and the competition in the large-diameter seamless steel pipe market will become more intense. However, the problems of tight capital, difficult financing, and expensive financing will be difficult to alleviate, and the risks of exchange rate and debt may increase. Today, the domestic construction steel market is weak. The prices of the leading cities in Beijing and Tianjin have fallen overall, and the prices in Shanghai and Guangzhou have temporarily stabilized. Second- and third-tier cities are mainly stable, and prices have not changed much. There has been no significant change in market transactions during the past weekend, and prices have not gained momentum. The renewed fall in billet prices last weekend put out the fire of the stars that opened up in the year. Although the central bank announced interest rate cuts again on Saturday night, it did not ignite the confidence of the market; instead, the documentary of a quiet and smoggy private grudge on the social media continued to make high-consumption and high-pollution enterprises including steel re-emerged. Faced with enormous environmental pressures. At the end of March, the domestic building materials market in April is still difficult to quickly enter the upward channel. Instead, it still needs to face the trend of weather and weather. It is expected that domestic prices will maintain a small dynamic trend in the short term. 
 Although it is difficult to see a significant increase in the iron ore market in the short term, the market bearish atmosphere has eased. The small narrow strip steel in the plate was tentatively pulled up, which played a positive role in stimulating the entire finished product market. Later, some of the low-priced profiles and building materials manufacturers also raised the price slightly. Affected by this, Tangshan billet rebounded in the afternoon. It is understood that due to the slow recovery of the post-section billet rolling enterprises, the stock continues to rise, including the local warehouse billet inventory has reached 1.2 million tons, significantly higher than the same period last year. In addition, the recent environmental protection “the wind is tight”, the Ministry of Environmental Protection has very strict inspection of the heating furnace of the billet rolling enterprises, which will slow down the production of the enterprise. The downward adjustment of interest has formed a favorable market for bulk commodities. However, due to the difficulty in lending to the steel industry, the interest rate cuts have limited incentives, and more are supporting the steel industry from the side. Judging from the current situation, the Tangshan billet market will be dominated by digesting inventories in the short term, and prices will remain at a low level. The domestic coke market is still dominated by weak operations. Due to the continuous downward adjustment of billet prices last week, the willingness of individual steel mills to cut down is stronger, market transactions are more bleak, and business pessimism is stronger. According to Jiao Enterprise, most coking enterprises still maintain a limited production status, but they are weak by the upstream coking coal market. The domestic pig iron market is still operating steadily, and the transactions in different places are different. According to the iron factory, the transaction situation in some areas has improved recently. The main reason is that the iron factory has caused low-cost shipments to ease inventory, and the actual downstream demand has not improved significantly.