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International News: China’s Steel Pipe Market Demand is Expected to be Around 80 Million Tons in 2020 #20307
Posted by: carbonpipe
City: Changsha
State: Hunan
Postal code: 410205
Country: China
Contact Person: lvy lee
Telephone: 8673188787784
Company: Permanent Steel Manufacturing Co.,Ltd
Website URL: https://www.permanentsteel.com
Contact Email: info@permanentsteel.com

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News Article:
China is currently entering the stage of normalization of the prevention and control of the new crown pneumonia epidemic. Driven by the acceleration of domestic economic recovery and increasing demand for downstream steel, the demand for China's steel pipe market is expected to increase slightly to about 80 million tons in 2020, of which seamless steel pipe demand About 30 million tons, and the demand for welded steel pipes is about 50 million tons.

Affected by the epidemic, the global steel market is showing a regional development trend, and steel pipe companies must pay special attention to the "steel demand" contained in the internal cycle of regional economic development.

In 2020, the national steel pipe market demand will be around 80 million tons.
How will the steel pipe industry develop in the second half of this year? This has become a hot topic among industry insiders.

From January to May this year, the cumulative output of crude steel nationwide was 41175 million tons, an increase of 1.9% year-on-year; the cumulative output of steel was 488.19 million tons, an increase of 1.2% year-on-year. From January to April this year, the cumulative output of steel pipes was 22.699 million tons, a year-on-year decrease of 9.3% (the cumulative output of seamless steel pipes was 8.08 million tons, a year-on-year decrease of 5.85%; the cumulative output of welded pipes was 14.61 million tons, a year-on-year decrease of 11.23%). It is worth noting that the decline of products showing negative growth is narrowing, and the overall situation is still in the state of covering.

China's steel consumption in 2019 is about 875 million tons. According to the prediction of "China's steel demand will increase by 1.0% in 2020" issued by the World Steel Association in early June, it can be estimated that my country's steel demand will be 880 million tons in 2020.

Regarding the assessment of the steel pipe market demand in 2020, there are three ideas:
The first is to assume that the demand for steel pipes accounts for 8% of the steel demand (7.48% in April), and the demand for steel pipes is 70 million tons.
The second is to set the year-on-year growth rate of steel pipe demand at -8.0% (the demand for steel pipes in 2019 is 84 million tons), and the demand for steel pipes is 77 million tons.
The third is ba sed on the monthly average of the cumulative steel pipe production as of the end of April, which translates into the annual steel pipe demand of 68 million tons. Taking into account the release of compensatory demand after the epidemic, the author believes that the above three ideas are slightly conservative. Therefore, it is estimated that my country's steel pipe market demand in 2020 will be about 80 million tons, of which seamless steel pipes will be about 30 million tons, and welded pipes will be about 50 million tons.




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