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Seamless Pipe: On August 28th, the price of 108*4.5mm seamless pipe in the Linyi market remained stable, while in the Liaocheng market, prices saw a slight increase. The Mysteel Seamless Pipe Price Index is at 4353.31, up 1.45% compared to the previous day.
Pipe Billets: On August 27th, prices of hot-rolled pipe billets in Shandong increased by 20-40 CNY/ton. The factory prices (including tax) for Φ50-130mm billets were: Donghai 3110 CNY/ton, Gangtou Special Steel 3260 CNY/ton, and Tiangang 3140 CNY/ton.
Steel Billets: On August 27th, the ex-factory price for general steel billets in Qian'an, Tangshan remained stable at 2970 CNY/ton (including tax).
Yesterday, seamless pipe prices in major cities across the country slightly decreased. The national average price for 108*4.5mm seamless pipe was 4475 CNY/ton, up 1 CNY/ton from the previous trading day.
In terms of raw materials, the price of hot-rolled pipe billets in Shandong increased by 20-40 CNY/ton, and in Jiangsu by 40 CNY/ton. Pipe manufacturers kept their prices relatively stable. Today, black futures showed positive trends, and seamless pipe prices fluctuated, with most leading manufacturers following minor price changes.
However, end-user demand showed no significant improvement, with manufacturers focusing on sales. Traders had more room for negotiation, but downstream buyers remained cautious, showing limited purchasing enthusiasm. The turnover of spot goods among traders accelerated slightly, but many clients indicated that they have no plans to stock up beyond the usual specifications.
In summary, seamless pipe prices across the country are expected to fluctuate today, with a tendency to remain stable.
The Canadian government announced that starting October 1st, a 100% tariff will be imposed on electric vehicles imported from China. Additionally, starting October 15th, a 25% tariff will be imposed on steel and aluminum products from China. China has expressed strong dissatisfaction and firm opposition to these measures.
According to data from the Ministry of Finance, from January to July, the total operating income of state-owned and state-controlled enterprises nationwide increased by 1.6%, while total profits decreased by 2.0%. As of the end of July, the asset-liability ratio of state-owned enterprises stood at 64.9%, up by 0.1 percentage points.
September, traditionally a peak season for the steel market, may see a gradual decrease in market inventory as demand recovers. With cost support, demand recovery, improved market sentiment, and favorable policies, the national average price of cold-rolled coil in September is expected to rebound to around 3850-3900 CNY/ton. Some regions may experience a larger rebound due to policy factors.
The General Office of the Ministry of Transport issued a notice on the implementation of policies for scrapping and renewing old operational ships, supporting the development of new energy and clean energy vessels, and encouraging regions with conditions to explore the comprehensive transition to new energy for regional vessels.
