The production of API 5L X60 PSL1 seamless pipe fell slightly last week. At the same time, the arrival of scrap steel has fallen, scrap steel prices still have room to rise, electric furnace profits continue to shrink, and short-term API 5L X60 PSL1 seamless pipe production may hardly grow. At the same time, Tangshan continues to limit production, and overall steel production is difficult to change.

The demand for API 5L X60 PSL1 seamless pipe rose significantly last week, and the apparent demand was close to the peak season level of last year. At the same time, the demand for other types of steel also picked up. Cement prices stopped falling and rebounded and construction sites started vigorously. The special debt is expected to be released before the end of October, and the steel demand recovery will continue.

Since August, the international macro uncertainty has increased, and the amplitude of industrial products has increased. The demand for steel such as API 5L X60 PSL1 seamless pipe is mainly in the country, and the fundamentals of the industry are basically unaffected, but we need to pay attention to the impact of market sentiment.