The Current 304 Stainless Steel Pipe Market Is Expected To Be Optimistic

The first week of August should have been the traditional “off-season” mode, but the 304 stainless steel pipe market seems to be on an upward trend, with constant challenges waiting to break through higher prices.

So what is the next trend?

Spot of 304 Stainless Steel Pipe Market

[Steel billet] The current price of Tangshan billet rose 20 yuan to 3460 yuan/ton, and the direct delivery was smooth. The spot price in the afternoon was 3550 yuan including tax. Under the support of cost, the steel mill’s profit was fair and the price was strong. The price is expected to be strong.

[Iron ore] Domestic iron ore port spot offers continue to rise today. For the imported mines, the Putong Index rose another 0.45 US dollars last night, and now the 62% Platts Index is 118.45 US dollars. Seaborne iron ore prices have risen for 6 consecutive trading days due to strong market demand for 304 stainless steel pipes and insufficient supply.

In terms of domestic iron ore, due to the strong influence of the general index, merchants are eager to increase prices, and traders frequently raise prices. The purchase prices of mainstream steel companies in Tangshan have broken through the 1,000 yuan mark. Now Guoyi and Jinma have increased by 30. However, steel companies are also afraid of high sentiment, and the inquiry is acceptable, but the buying is cautious. It is expected that the domestic ore market will continue to run slightly stronger in the short term, and the price will rise by about 10 yuan.

[Pipes] The current price of 304 stainless steel pipe market has risen steadily, and the transaction is average. The price of raw strip steel has not been adjusted for the time being. The mainstream of welded pipes nationwide is temporarily stable, and merchants mainly ship.

The billet price rose slightly, while the seamless pipe price fluctuated little. The 304 market may rise steadily.

For steel mills: 10-40 yuan/ton upward adjustment (building materials market)

As a stainless steel pipe and fittings supplier, KAYSUNS believes that the current market outlook for 304 stainless steel pipes is still expected to be positive, but the current factory warehouses and community warehouses are still increasing, and the price rise pressure is greater.

Taking into the seasonal factors, the 304 pipe market may have relatively limited range for decline. After the negative sentiment is digested, if the external environment does not continue to deteriorate, the prices will still rise.