At the same time, downstream demand has not improved. People expect the rebound in demand after the Mid-Autumn Festival has not appeared. Instead, it has turned down sharply under the influence of the global economic slowdown. Overall, the international steel demand has further fallen. It affects the domestic export of seamless pipe No. 20 and aggravates the supply pressure of the domestic 16Mn steel plate market. At the same time, domestic steel demand is also declining. Railway investment is almost stagnant, and home appliances are being hit hard by the “going to the countryside†policy. It is expected that production and sales will continue to decline.
The demand monitoring behavior pointed out that due to the shortage of funds, many real estate projects under construction in the first-tier cities in the country have stopped working or the boss has disappeared. The phenomenon of construction projects paying arrears to the steel traders has also increased significantly, which has further adversely affected the demand of the steel market. This week is the last week of the National Day holiday. According to the tradition of previous years, it is necessary to concentrate on purchasing and stocking time for the downstream. However, under the current situation of tight capital, it is unlikely that the demand for 1Cr5Mo alloy steel pipe will be significantly enlarged. On the other hand, in order to avoid the risks during the National Day holiday, the mentality of increasing shipments to reduce inventory may be more prominent. It is expected that the wait-and-see attitude of downstream terminal purchases will be aggravated again, and the A333GR6 steel pipe market is difficult to change.
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