It is expected that Chinese 20# seamless steel tube market will run smoothly

It is expected that Chinese 20# seamless steel tube market will run smoothly

Today, the tube billet is running strong. Due to the restriction of raw material cost, the prices of steel tube factories in some areas have been forced to rise 20# seamless steel tube price. After the price increase, the transaction of 20# seamless steel tube factories is general, while the 20# seamless steel tube traders are not active in taking goods.

The overall market reflects: the demand is mainly in the off-season, the demand is insufficient, and the 20# seamless steel tube price rise lacks support. The 20# seamless steel tube traders in various regions generally have light transactions. The rainy season in the south is over and the background wind is coming. Due to the high temperature in the north, half of the construction sites are closed down. The overall demand in China is weak and the willingness of businesses to raise 20# seamless steel tube prices is low.

However, with the promotion of macro favorable policies and the approaching of the peak season of just needed demand, 20# seamless steel tube traders all over the country still have expectations for the peak season. In conclusion, it is expected that the 20# seamless steel tube market in China will operate smoothly.

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