Seamless steel pipe market review

production status

In October 2023, steel production was 65.293 million tons. Steel pipe production in October was 5.134 million tons, accounting for 7.86% of steel production. The total output of steel pipes from January to October 2023 was 42,039,900 tons, and the total output of steel pipes from January to October 2023 was 48,388,000 tons, an increase of 6.348,100 tons over the same period last year. The data show that the total production of steel pipes in 2023 still continues to increase year by year, but after entering June, the monthly output of steel pipes has entered the shock and fluctuation decline stage from the previous steady increase stage.

Monthly output

Statistics show that seamless pipe production in October continued to decline slightly, continuing the trend since June, reaching 2.11 million tons, a decrease of 1.26% from September. In October, due to the National Day holiday, the demand for the project decreased. This year, the market has been affected by more policy and financial factors, and has failed to reproduce the traditional golden nine silver ten grand situation.