The future demand for cold drawn steel pipe market is limited.

    The demand for steel is difficult to release, and there is limited room for incremental demand for cold drawn steel pipe in the future. Halfway through 2018, steel prices are basically at a high level of volatility. As steel inventories rebound, future steel prices may be under pressure. Affected by the lag of demand, domestic steel prices continued to rise slightly in June, especially for construction steel prices. The monitoring data show that from May 31 to June 22, 2018, the average price of Φ25mm third-grade rebar in 10 key cities in China rose from 4,061 yuan to 4,168 yuan, up 107 yuan per ton.


    The reporter learned from the relevant departments that the current national steel social stocks have started to rise after 14 consecutive weeks of decline. Entering the traditional off-season in July, demand began to be under pressure, but crude steel output still increased. How will the market situation develop in the second half of the year? The reporter did not completely sort out the results and found that the steel industry in May has solved the excess capacity and prevented the “strip steel”. The environmental inspection activities such as the special spot check and the environmental inspection inspectors will be completed in late June and early July.


    Plus SCO summit Qingdao environmental impact limited production has been largely completed, the affected mills gradually resume production, encouraged in part by industrial policies and environmental management of qualified steel mills have started production. With the gradual recovery of production capacity, the average daily crude steel output in the first half of June hit an average daily high in the year. Recently, some blast furnaces resumed production after the inspection. It is expected that the daily average crude steel output will increase further in July.